The Bulls signed Hamilton before the 2011-12 season, hoping he could help take some of the load off Derrick Rose, but he had trouble staying healthy and fell out of coach Tom Thibodeau's playoff rotation.
So the Bulls exercised their $1 million buyout and officially parted with the former Detroit Pistons star on Wednesday.
He appeared in 78 games over two seasons, averaging 10.5 points and 2.6 assists, and it was clear his time in Chicago was winding down, particularly when he barely got off the bench in the playoffs, making just four appearances against Brooklyn and Miami.ham
Hamilton tweeted about his release Wednesday night.
I want to thank the Bulls organization and the fans for allowing me to be apart of a great team.
— Rip Hamilton (@ripcityhamilton) July 11, 2013
Information from The Associated Press was used in this report.