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Chicago Bulls offseason: Rip Hamilton to be waived

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As friend (?) of the blog and protector of the cold-water bucket KC Johnson would say: 'expected'

Rip's contract could've been used before 7/1 to facilitate a trade, but after that time (since the moratorium ends the same date as his contract guarantee on 7/10) any trade scenario would've meant guaranteeing the full year of that contract, which nobody would take.

The $1m buyout is part of the Bulls cap calculation for 2013-14.