The Bulls have exercised their amnesty provision on Carlos Boozer, bringing in end to his four-year stint in Chicago.
Chicago informed Boozer and his agent, Rob Pelinka this morning on their decision to amnesty him and shedding his expiring $16.8 million salary from the Bulls' salary cap and luxury tax.
In a statement released by the Bulls, general manager Gar Forman said: "Carlos epitomized professionalism in everything he did for the Bulls both on the court, and in the community, during his time here in Chicago. Over the last four seasons, Carlos' productivity helped elevate our team to another level. I have nothing but respect for Carlos, and certainly wish him the best as he moves forward."
The move helps the Bulls free up the space to sign Pau Gasol and Nikola Mirotic, who are both in Spain, but expected in Chicago soon for their introductory press conferences. The Bulls also waived the non-guaranteed contracts of Ronnie Brewer, Mike James and Lou Amundson.
The Bulls tried unsuccessfully to move Boozer in sign-and-trade deals this summer to not only free up cap space for Carmelo Anthony, who re-signed with the Knicks, but also for Gasol.
Teams with cap space can now place silent bids for Boozer's services and the highest bidder wins, sets his salary for the upcoming season, and the Bulls will pay the difference between that figure and the $16.8 million.
Boozer took to Twitter to thank the Bulls, saying; "Wanna say thank you to the Bulls organization. Really enjoyed playing for such an amazing franchise. Enjoyed my teammates the most. Looking forward to the future, but really appreciate the last four years. Thank you."
During his time in Chicago, Boozer was a lightning rod for criticism, but was one of the Bulls' more consistent players. health-wise, during his final three seasons here, missing just nine out of 230 regular season games.
Boozer's stint in Chicago got off to a rocky start after he broke his right hand after tripping over a gym bag in his home before training camp was to begin.
The past two seasons had been difficult for him as his playing time had decreased with the emergence and development of Taj Gibson overall game.
Yahoo Sports reported the two early favorites to make bids on Boozer are Charlotte and Atlanta.
In four seasons with the Bulls, Boozer averaged 15.5 ppg, 9.0 rpg in 30.4 mpg and shot .491 percent from the field.