And then there was one Alpha: Bulls waive veteran point guard Rajon Rondo

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And then there was one Alpha.

As expected, the Bulls officially announced the release of veteran point guard Rajon Rondo on Friday afternoon.

The Bulls held a team option that would have paid Rondo $13.4 million next season, but the Bulls elected to waive Rondo which will cost the team $3 million.

Rondo, 30, appeared in 69 games with the Bulls last season and averaged 7.8 points, 6.7 assists and 5.1 rebounds.

Rondo helped the Bulls to two wins over the No. 1 seeded Boston Celtics in the playoffs by averaging 11.5 points, 8.5 rebounds and 10.0 assists. However, Rondo suffered a broken thumb in practice and missed the rest of the series, with the Celtics winning four consecutive games.

The Bulls also announced that they waived guard Isaiah Canaan.

The 26-year-old Canaan averaged 4.6 points in 39 games with the Bulls last season.

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