Bulls To Sign Kyrylo Fesenko

9:47pm: K.C. Johnson of the Chicago Tribune notes that the Bulls, who have $758,550 left to spend, could sign another player at the veteran's minimum once it pro-rates to that amount in late November (Twitter link). Mark Deeks of ShamSports suggests via Twitter that the Bulls could waive Fesenko at the end of training camp and re-sign him once they're able. The Bulls could do the same with fellow camp invitee Andre Emmett, but another team, either in the NBA or overseas, would be free to snap up Fesenko and Emmett while they waited.

8:29pm: The Bulls will sign Kyrylo Fesenko by the end of the week, reports Marc Stein of ESPN.com. He was in Chicago on Monday for a workout after auditioning for the Spurs earlier this month, and reportedly had the Cavs tentatively on his workout schedule as well. He was also said to be in contact with the Hawks and the Heat.

Stein says the 7'1" center will receive a non-guaranteed contract, and Sam Amick of SI.com reports via Twitter that it will be for the minimum. The team doesn't have enough room under its $74.307MM hard cap to retain Fesenko for the regular season, even at the minimum salary, without waiving or trading another one of its players. 

Fesenko signed with the Pacers in March for the balance of the 2011/12 season, and appeared in only three regular season games. He scored a total of eight points and grabbed nine rebounds in 17 minutes, and didn't see action in any of the team's playoff games. The Ukraine native averaged 2.3 points and 2.0 rebounds in 8.3 minutes per game during the previous four seasons with the Jazz, upping those numbers slightly when he started nine of the Jazz's 10 playoff games in 2009/10 for the injured Mehmet Okur.