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Report: Bulls to sign Daequan Cook

ESPN's Marc Stein reports that the Bulls will sign the recently waived Daequan Cook.

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Daequan Cook was recently waived by the Houston Rockets, and just cleared waivers minutes ago. ESPN's Marc Stein says to expect the Bulls to pick him up:

[Note by JayPatt, 01/04/13 5:22 PM CST: Per Stein, Cook's agent Mike Conley Sr. has made the signing official]

The Bulls could really use some three-point shooting, and that's essentially all Cook is good for. He's a career 36.5 percent shooter from deep and had a couple good decent seasons with the Heat and Thunder. Here's a stat Matt dug up about this season:

Bulls are hard-capped of course, but have room to add a player at the pro-rated minimum. Would be a pretty nice signing in my opinion, although it could further signal Richard Hamilton's impending exit. But we're pretty much expecting that anyway.