Chicago Bulls Must Buy Out Richard Hamilton’s Contract
The Chicago Bulls will have their hands full in the offseason deciding on which players will be a part of the 2013-14 NBA roster. With $73 million in guaranteed contracts for next season, Chicago will have to make several smart and cost-efficient decisions in free agency. One move in particular the Bulls must make is to buy out shooting guard Richard Hamilton’s contract.
The 35-year-old has a $5 million team option for next season. However, his dismal performance in his second year with Chicago certainly has the team questioning if he is worth the money.
Hamilton averaged 9.8 points, 2.4 assists, 1.7 rebounds and 21.8 minutes per game. He also shot 42.9 percent from the field and 30.8 percent from beyond the arc in 50 games (45 starts). The overall numbers Hamilton put up were the second worst of his career behind only his rookie season.
The fact is Hamilton’s downgrade from last year is the exact opposite the Bulls were hoping from the 13-year veteran. In a season without point guard Derrick Rose, Chicago needed everyone to step up if the team wanted to go the distance. Unfortunately, Hamilton was unable to contribute what was necessary.
The Bulls will reportedly buy out Hamilton’s contract for $1 million, which is much better than picking up his team option. If he would have put up similar numbers as last year, or at least was effective from 3-point range, Chicago may have given him another shot. However, there is no way the organization was prepared to give someone who could very well be over the hill a decent payday.