Could another move be on way for Bulls?

The Chicago Bulls may be open to absorbing a bad contract or two to free up cap space for next year, according to Kevin O’Connor of The Ringer.

The Bulls rescinded the qualifying offer on guard David Nwaba, making him an unrestricted free agent. But as O’Connor states, maybe the Bulls have something up their sleeves and might bring Nwaba back.

The Bulls also traded Jerian Grant and waived Sean Kilpatrick within the past week.

K.C. Johnson of the Chicago Tribune is reporting that there’s a strong internal belief in the Bulls organization another move will be finalized.

“The flurry of activity is a clear sign the Bulls are trying to finalize another move, almost certainly to shore up the wing position or to absorb a bad contract with an asset attached,” Johnson wrote. “One source said there’s strong internal belief another move will be finalized.”

Added Hoops Rumors:

“Although the Bulls technically remain an over-the-cap team due to their various exceptions and cap holds, they can create up to about $20.6MM in cap room by waiving Julyan Stone and Paul Zipser, renouncing Noah Vonleh, and renouncing their trade exceptions. All of those moves are expected to happen, according to Johnson.”