Early indications are that the Bulls will release one of their guards to address the logjam at the point guard position, reports K.C. Johnson of The Chicago Tribune (Twitter link). As Johnson notes, making a move by March 1 (Wednesday) would allow that player to retain his playoff eligibility for another club.
While it’s not clear yet which player the Bulls will waive, Johnson tweets that Michael Carter-Williams and Isaiah Canaan are candidates. Both players are essentially on expiring contracts — Carter-Williams will be eligible for restricted free agency this summer, while Canaan only has a small partial guarantee ($200K) on his salary for 2017/18.
Rajon Rondo is also on an expiring deal of sorts, as his $13.4MM salary for next season is only guaranteed for $3MM until June 30. However, GM Gar Forman has said Rondo will finish the season with the Bulls. As Johnson notes, Rondo is also a decent fit with the club’s second unit and his contract could be a trade chip around the time of the draft.
The Bulls were already fairly deep at point guard prior to the trade deadline, with Carter-Williams, Canaan, Rondo, and Jerian Grant among their options. Chicago added Cameron Payne to that mix last week in a trade with the Thunder, and given how much the team gave up to land Payne, he’ll likely be given an opportunity to play significant minutes down the stretch.