OCTOBER 15: The Bulls have officially confirmed that they’ve converted Ulis’ contract into a two-way deal, announcing the move in a press release.
OCTOBER 14: The Bulls have claimed point guard Tyler Ulis off of waivers, according to Jeremy Woo of Sports Illustrated (via Twitter). Ulis was previously with the Warriors throughout training camp but was released this past week.
After getting a larger role than expected during his rookie season with the Suns, Ulis struggled throughout the 2017/18 season, leading to his release from the team. In his first two seasons in the league, Ulis averaged 7.6 points and 4.1 assists per game, but only shot 40.3% from the field and 28% on 3-pointers.
The Bulls already have 15 players on standard NBA contracts, but are only carrying one player (Rawle Alkins) on a two-way deal. Because Ulis was on an Exhibit 10 contract with Golden State, his deal can be converted into a two-way pact, allowing Chicago to avoid making any cuts to accommodate the newly-added point guard. The Bulls will do just that, per Shams Charania of The Athletic (Twitter link).