Buzzing on Yahoo Sports:

Chicago Bulls Waive Andrew Bynum, Signaling a Full Rebuilding Mode for Franchise

Yahoo Contributor Network

COMMENTARY | Clearly designed as a salary dump, the Chicago Bulls released Andrew Bynum on Tuesday afternoon just hours after acquiring him and three draft picks from the Cleveland Cavaliers in exchange for Luol Deng.

The official statement from the Bulls site:

"The Chicago Bulls announced today that the team has waived center Andrew Bynum.

"Earlier today, Bynum's contract was conveyed to the Bulls, along with multiple draft picks from the Cleveland Cavaliers in exchange for the contract of Luol Deng."

Zach Harper of CBS Sports does a fantastic job of breaking down the salary figures for the Bulls.

Failing to capitalize on a previous title push that consisted of Derrick Rose, Carlos Boozer, Joakim Noah and Deng as the centerpieces, Chicago is now in full rebuilding mode. But when asked if the Bulls were actually rebuilding (per K.C. Johnson of the Chicago Tribune), executive vice president of basketball operations John Paxson said, "Rebuilding is not a word to use when you still have Joakim Noah on your team or with Derrick Rose expected to come back healthy."

With the Bulls expected to amnesty Boozer at the end of the season, however, it is hard not to label what is going on as nothing but a rebuild job.

The new core will still consist of a healthy Rose and Noah, and also Jimmy Butler and possibly Nikola Mirotic (Chicago would have to buy out his contract in Europe). But with the added spending flexibility, attracting another big name looks like a possibility now.

Bulls general manager Gar Forman on Tuesday's moves:

"The moves today will put us in a better position to make the entire roster stronger for the future and to compete for a championship."

The injuries to Rose have forced the Bulls into rethinking the organization's immediate future. But assuming the former MVP can be ready by the start of next season (which is expected), Chicago should be able to immediately contend again in a muddled Eastern Conference.

Jeremy Sickel has successfully created and operated numerous websites. His work can be read on Yahoo and Bleacher Report, and he has also appeared on various podcasts and sports talk shows around the country. Interact with Jeremy on Twitter @JeremySickel.

Sign up for Yahoo Fantasy Football
View Comments (111)