Prior to the season, the Bulls declined their $1.73MM option on Bogans, making the 31-year-old a free agent. The former Kentucky Wildcat started all 82 games for Chicago last season, averaging 4.4 points and 17.8 minutes per game. Known as a three-point shooter and defensive specialist, Bogans will provide the Nets some backcourt depth while MarShon Brooks recovers from a broken toe.
Owens, 29, saw limited action for the Nets after signing with the team in mid-January. He appeared in seven games, and set a career-high by playing 28.7 minutes against the Bulls on January 23rd. Owens will become a free agent after he clears waivers.