Nwaba was picked up by the Bulls last season after he was put on waivers by the Los Angeles Lakers and became a fan (and coach Fred Hoiberg) favorite in Chicago.
According to the Chicago Tribune, the Bulls likely made the decision so the team could free up space for another signing and could still look to work out a deal with Nwaba.
The Lakers and San Antonio Spurs reportedly also have interest in signing Nwaba, who averaged 7.9 points and 4.7 rebounds in 70 games (21 starts) with the Bulls last season.
Nwaba, 25, played in 20 games with the Lakers in 2016-17,
--Field Level Media