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The Chicago Bulls are likely to cut point guard Rajon Rondo unless they are able to find a trade partner for him on Friday, according to a report from the Chicago Tribune.
Rondo will be guaranteed an extra $10 million if he remains under contract through Friday — which is likely to lead to the Bulls’ decision to part ways.
Per the Chicago Tribune:
Fittingly for a season that featured so many right turns, all signs point to the Bulls waiving Rondo for the $3 million that’s guaranteed on his $13.4 million team option — just weeks after they said they wanted him back. Of course, those comments came before the June 22 trade of Jimmy Butler to the Timberwolves, which signaled a rebuild.
Rondo, 31, wants to become a coach someday and is often viewed as a strong mentor to some of the younger players. He averaged 7.8 points and 6.7 assists in 69 games this past season.
“Rondo has been included in some recent trade proposals because of the way his contract is structured, including some larger scenarios with Butler before the deal with the Timberwolves materialized,” the Tribune reported. “Barring an unexpected trade opportunity materializing Friday, expect Rondo to be waived.”