AUGUST 14: The Bulls have made it official, announcing today in a press release that they’ve signed Walton.
Walton, 23, inked a two-way contract with the Heat last July after going undrafted out of Michigan. The 6’1″ point guard stuck with the franchise all season, appearing in 16 games for the NBA squad and 27 for the Sioux Falls Skyforce in the G League.
Although his role for the Heat was very limited, Walton averaged 16.1 PPG, 7.0 APG, and 4.0 RPG with a .442/.377/.902 shooting line in the NBAGL.
When Walton’s two-way agreement with the Heat expired at season’s end, the club tendered him a qualifying offer, retaining the right of first refusal. However, Miami withdrew that QO during the second week of July, allowing him to become an unrestricted free agent.
While details of Walton’s deal with Chicago aren’t yet known, the club has a little flexibility. The Bulls currently have 17 players under contract — 14 on fully guaranteed deals, two on non-guaranteed or partially guaranteed deals, and one on a two-way pact. As such, the team could give Walton a camp deal and allow him to compete for the last spot on the 15-man regular season roster, or it could ink him to a two-way contract.