As expected, the Bulls exercised the amnesty provision on Carlos Boozer, the team announced Tuesday, a day before the league's deadline.
Boozer is owed $16.8 million in the final year of the five-year contract he signed in 2010 and after amnestying him, as well as waiving the non-guaranteed contracts of veterans Lou Amundson, Ronnie Brewer and Mike James, the Bulls are expected to soon finalize and announce the free-agent signings of Kirk Hinrich, Pau Gasol and Nikola Mirotic.
“Carlos epitomized professionalism in everything he did for the Bulls both on the court, and in the community, during his time here in Chicago,” said Chicago Bulls General Manager Gar Forman in a press release. “Over the last four seasons, Carlos’ productivity helped elevate our team to another level. I have nothing but respect for Carlos, and certainly wish him the best as he moves forward.”
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Teams under the salary cap can bid on Boozer's services and the Bulls will have to pay the balance of the power forward's salary, though it doesn't affect their salary cap.
Amongst the teams expected to bid on Boozer are the Lakers, Suns and Magic, according to a league source, and if he clears waivers, more teams, like the Rockets and Heat, could show interest.
Boozer, 32, averaged 13.7 points and 8.3 rebounds in 28.2 minutes per game last season, the lowest numbers since his rookie campaign in Cleveland, but remains a productive player and is viewed by many observers as a piece that could greatly enhance another team.