Hamilton clears waivers, Chicago-bound

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Hamilton clears waivers, Chicago-bound

Now that veteran shooting guard Richard Hamilton has officially cleared waivers, it's only a mere formality that he signs an expected two-year, 10-million mid-level exception deal with the Bulls.

More than likely, Hamilton will be in attendance for Thursday morning's practice at the Berto Center, the team's last session before Friday's preseason opener in Indianapolis against the Pacers.

While the organization will probably look to add another post player with the departure of Kurt Thomas, the roster's most pressing positional need -- a clear-cut, starting-caliber scoring threat next to Derrick Rose in the backcourt -- has been addressed.

Since rumors of Hamilton's eventual acquisition have surfaced, his soon-to-be teammates -- from Rose and Joakim Noah inquiring if the transaction was complete, to Luol Deng and Carlos Boozer offering testimonials -- have expressed praise for the former All-Star and one-time champion, although head coach Tom Thibodeau has refused to comment on the situation until it's made official.

It remains to be determined exactly how Hamilton will fit in on his new team, but as Rose said recently, "Rip is a winner," and that fact, in addition to possessing a skill set of need in Chicago, should have Bulls fans excited.

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Horace Grant on current state of Bulls: 'No need to panic'

Horace Grant on current state of Bulls: 'No need to panic'

After the Bulls got off to a 3-0 start, it looked like this would be a team that might be able to give LeBron James and the defending champion Cleveland Cavaliers a run for their money in the Eastern Conference.

The Bulls proceeded to lose their next three, tempering those optimistic expectations. What those first six games proved is that they're an inconsistent bunch, and it's been a microcosm of their season past the halfway mark.

[SHOP: Gear up, Bulls fans!]

Entering Thursday, the Bulls were slotted in as the No. 8 seed in the East with a 21-22 record through 43 games.

Former Bulls forward/center Horace Grant, who was named a special advisor to president and chief operating officer Michael Reinsdorf last year, joined SportsTalk Live on Thursday to talk about the team's current state, and why Bulls fans shouldn't panic just yet.

Check out his comments in the video above.

See what else he had to say during his SportsTalk Live appearance and on In The Loop below: