The Bulls have made a minor change to their roster, announcing today (via Twitter) that they’ve waived second-year point guard Kay Felder. Felder will become an unrestricted free agent on Thursday, assuming he goes unclaimed on waivers.
Felder, a Detroit native, joined the Cavaliers last season after being selected 54th overall in the 2016 draft. He spent his entire rookie year in Cleveland, but was a victim of the Cavs’ roster crunch this fall after the team acquired three players for Kyrie Irving and signed Dwyane Wade. Felder was cut by the Cavs at the end of the preseason, then claimed off waivers by the Bulls.
Although the Bulls’ point guard situation was in flux to start the 2017/18 season, Felder didn’t see much playing time for the club, averaging 9.6 MPG in 14 contests. For his career, he has recorded 3.9 PPG and 1.4 APG in 56 games (9.3 MPG). Felder has been far more productive in the G League, averaging 27.2 PPG and 5.7 APG in 14 total games for the Canton Charge and Windy City Bulls.
Because Felder’s salary for 2017/18 wasn’t fully guaranteed, the Bulls will only carry a partial cap charge after waiving him. If my math is right, Felder’s cap hit will be just shy of $490K, assuming he’s not claimed by another team on waivers.
We’ll see if the Bulls have a corresponding roster move lined up after cutting Felder, but for the time being, the team has an open spot on its squad.