Ronnie Brewer

Bulls Waive C.J. Watson

Faced with a decision on his 2012/13 contract, the Bulls officially waived C.J. Watson last night, tweets Alex Kennedy of HoopsWorld. The move clears Watson from the team's books for the coming season, assuring that they won't have to pay his $3.2MM salary.

If another team is willing to take on Watson's $3.2MM figure, he can be claimed off waivers. However, it's more likely that the 28-year-old guard will clear waivers and become an unrestricted free agent, able to sign with any team. Marcus Thompson of the Bay Area News Group believes Watson could be a fit for the Warriors.

The Bulls also parted ways with Ronnie Brewer, and are still deciding whether to retain Kyle Korver.

Bulls Will Not Retain Ronnie Brewer

The Bulls have informed Ronnie Brewer that they will not be guaranteeing his contract for the coming season, tweets K.C. Johnson of the Chicago Tribune. Brewer had a non-guaranteed contract worth $4.37MM for the upcoming season, which would have become guaranteed had Chicago kept him through today.

Brewer, 27, started 43 of 66 games for the Bulls this season, averaging 6.9 points and 3.5 rebounds in 24.8 minutes per contest. He'll become an unrestricted free agent and will be free to sign with any team.

Bulls Rumors: Thibodeau, Hinrich, Korver

The basketball world is focused on the draft at the moment, but while Chicago waits to pick at No. 29, K.C. Johnson of the Chicago Tribune has checked in with a column full of Bulls-related items. You can continue to follow tonight's draft results here and any last-minute rumors right here, but in the meantime, let's round up the highlights from Johnson….

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Bulls Notes: Offseason Moves, Deng, Boozer

The Bulls will face an uphill battle next season as they find themselves without star point guard Derrick Rose for an indefinite period of time thanks to his torn ACL. Beyond Rose's injury, the Bulls could be without Luol Deng if he elects to undergo wrist surgery after playing in the London Olympic Games. The Bulls will face a series of decisions this summer as they hope to remain one of the top eight teams in the Eastern Conference after falling to the Sixers in the first round of the playoffs this spring. ESPNChicago.com's Nick Friedell has the latest news and notes out of Chicago…

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Odds & Ends: Olympics, Howard, Bulls, Mavericks

A few Thursday afternoon odds and ends from around the Association….

Hayes On Bulls’ Offseason Plans

In a new column, Neil Hayes of the Chicago Sun-Times addresses several major questions the Bulls will face this offseason:

  • Despite his on-court regression in his second season, the Bulls are expected to match all offers on restricted free-agent center Omer Asik.
  • Chicago will likely not pick up their options on all three of C.J. Watson, Ronnie Brewer, and Kyle Korver, because they want to clear cap space to re-sign Taj Gibson after next season.
  • Hayes speculates that John Lucas III may develop into more of a three-point specialist than a backup point guard, which will likely make him cheaper to retain.

Bulls Notes: Noah, Brewer, Boozer, Asik

Only twice in NBA history has the Eastern Conference's #8 seed defeated the #1 seed, and both instances occurred in lockout-shortened seasons. The eighth-seeded 76ers followed in the footsteps of the 1999 Knicks last night, knocking off the top-seeded Bulls to advance to the second round. Of course, against a Chicago team that was missing Derrick Rose and Joakim Noah, the Sixers' victory didn't feel like a huge upset. Still, the East's top regular-season team has been eliminated and is looking ahead to the offseason. Here are the latest Bulls updates:

  • Noah and Carlos Boozer insist that the Bulls can win as currently constructed and hope the roster remains intacts, writes K.C. Johnson of the Chicago Tribune.
  • Neil Hayes of the Chicago Sun-Times writes that the Bulls, despite their devastating injuries, have created a hard-working identity that the city can, and should, embrace.
  • GM Gar Forman and VP of basketball operations John Paxson told Ronnie Brewer that they'll do all they can to bring him back next season, tweets Nick Friedell of ESPN Chicago. Brewer has one non-guaranteed year worth $4.37MM remaining on his contract.
  • In a piece for ESPNChicago.com, Friedell writes that Carlos Boozer isn't a trade candidate since "no one wants to deal with that contract." Amnestying Boozer is also unlikely, says Friedell.
  • SI.com's Zach Lowe takes a more in-depth look at why using the amnesty clause on Boozer doesn't make sense for Chicago unless corresponding moves are made.
  • The Bulls will look to rebound next season, writes K.C. Johnson of the Chicago Tribune, noting that the team plans to match offers for restricted free agent Omer Asik this summer.
  • Sam Smith answers readers' Bulls-related questions in a massive mailbag for Bulls.com.

Trade Candidate: Ray Allen

While hardly the same player who dominated the league with the SuperSonics for a decade, Ray Allen continues to be a steady starter on a team contending for a playoff spot. But with the Celtics looking at little more than a first-round playoff exit with a 14-12 record, the team must consider breaking up the Big Three in hopes of building for the future. If the team were to entertain trading one of their most prominent players, it would seemingly be Allen's name that would come up the most in trade talks given Kevin Garnett's erratic production and a general unwillingness by the Celtics to deal Paul Pierce.

Both Allen, 36, and Garnett, 35 will become unrestricted free agents at the end of the 2011/2012 season. But with Garnett currently earning $21MM this season, Allen's $10MM becomes more movable even though both players have expiring contracts. Beyond simply acquiring payroll flexibility at the end of the season, Allen would potentially provide a playoff contender with a strong veteran presence who could provide a boost both on and off the court. 

Allen has averaged just over 20 PPG in his illustrious career but that number has dropped to 14.8 PPG this season to go with 2.7 APG, a figure close to what he has averaged during his tenure with the Celtics. Taking the 14.8 PPG at face-value would be doing Allen a disservice as a closer look at his numbers reveals a season of increased efficiency. With a 49.2 FG% and shooting over 50% on threes, Allen is well above his career average marks, making the shortened 2011/2012 season one of his finest in a Celtics uniform. 

Health would not be a concern for a team acquiring Allen via trade as he has started at least 73 games in each of the past four seasons. After injuries plagued him during his Seattle days, Allen corrected his diet to better fit the demands of playing an 82-game NBA schedule. Thanks to a healthier diet in combination with an improved exercise regimen created in concert with the Celtics training staff, Allen is on path to start in 98% of the Celtics' games for a third consecutive season.

If put on the trade block, many playoff contenders, including the Bulls, would seemingly consider putting together a package for the former UConn Husky. While Richard Hamilton has played at an acceptable level since signing with the Bulls this offseason, his health concerns remain an issue as he has missed more than half of his team's games. At worst, the addition of Allen would give the Bulls one of the deepest backcourts in the NBA and perhaps push for more out of Hamilton once he returns from injury.

The Bulls could offer two young-ish players to the Celtics in return for Allen. According to ESPN's NBA Trade Machine, a trade of Kyle Korver and Ronnie Brewer for Allen works on paper and would net the Bulls three additional wins. The trade would provide Brewer the opportunity to start for the Celtics and for Korver to provide depth behind Pierce, but would lead to three additional losses for the Celtics.

While adding Allen to the Bulls may put them in prime position to challenge the Heat for the right to represent the Eastern Conference in the NBA Finals, time remains for the Celtics to better predict the course of their season. At 14-12, a string of wins could quickly lead to the Celtics being buyers rather than sellers come March. Similarly, a weak finish heading into All-Star Weekend could start the chatter about where Allen may finish the season.