The Chicago Bulls have officially waived guards Rajon Rondo and Isaiah Canaan.
Rondo only had $3 million of his contract for the 17-18 season guaranteed out of his $13.4 million team option.
Canaan, meanwhile, had a base salary of $1.6 million for next year. He played sparingly this past season.
Down to 1 Alpha. The Bulls officially waive Rajon Rondo and Isaiah Canaan.
— K.C. Johnson (@KCJHoop) June 30, 2017
Rondo had an up and down season with the Bulls. He began the year as the starter at point, then was benched in the middle of the season and also got into an argument with an assistant coach, for which he was fined for.
Rondo then regained his starting job toward the end of the season and played his best basketball of the year in the Bulls’ first two road wins against the Boston Celtics in the playoffs.
A hand injury, however, forced Rondo to miss the rest of the Celtics series and the Bulls lost four games in a row to end their season.
The Chicago Tribune is reporting that the Bulls are in a full rebuild mode now that star Jimmy Butler has been traded.
With Rondo gone, Chicago will be able to develop and give more minutes to Kris Dunn, Zach LaVine, Jerian Grant and Cameron Payne.