10:00pm: The Bulls have officially signed Taylor and waived Hill, per NBA.com’s transaction log.
3:38pm: The Bulls are making a change to one of their two-way contract slots, according to ESPN’s Adrian Wojnarowski (Twitter links), who reports that forward Terry Taylor is getting a two-way deal from the team, while Malcolm Hill is being waived to make room for the newcomer.
Taylor, 23, was one of three players waived by the Pacers at this month’s trade deadline to accommodate the team’s new additions and has been a free agent since then.
After going undrafted out of Austin Peay in 2021, Taylor had a solid rookie season once he cracked Indiana’s rotation, averaging 9.2 points and 5.2 rebounds while shooting 61.4% from the field in 33 games (21.6 MPG). However, he didn’t played much in his second season, averaging just 8.8 minutes per night across 26 games in 2022/23.
One of Taylor’s best games as a rookie came against the Bulls — he racked up 21 points, 14 boards, and five assists against Chicago on February 4, 2022.
Hill finished last season on a two-way contract with the Bulls and re-signed with the team in September on a new two-way deal, but he hasn’t made an impact at the NBA level in 2022/23. The 6’6″ wing has logged nine minutes across five games this season, recording five points and three rebounds in his extremely limited action. He’ll be an unrestricted free agent if he clears waivers.