Report: Bulls to sign Daequan Cook

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:

Daequan Cook scheduled to clear waivers at 5 PM ET. If he's not claimed, I'm told, Bulls firmly in lead to sign 3-point specialist

— Marc Stein (@ESPNSteinLine) January 4, 2013

NBA teams just notified that Daequan Cook has indeed cleared waivers

— Marc Stein (@ESPNSteinLine) January 4, 2013

[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:

Daequan Cook is over 36% on threes this season (around his career mark) and in those 165 minutes would be 5th on Bulls in attempts (30)

— BullsBlogger (@BullsBlogger) January 4, 2013

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.