Bulls waive Mike James

CHICAGO -- The Bulls waived veteran point guard Mike James on Monday.

James was brought in as an insurance policy before the season but didn’t see the floor much, playing in just seven games.

"Mike's done a great job throughout his career," coach Tom Thibodeau said. "He did a great job for us. We certainly appreciate all that he brought to our team. For us, we just wanted to keep some flexibility as we move forward but Mike's a terrific player, he's a great guy, he did a great job for us."

After Derrick Rose went down with a season ending medial meniscus tear in his right knee, James worked his way into Tom Thibodeau's rotation ahead of second-year guard Marquis Teague. But James sprained his knee two weeks ago and fell out of the rotation and the Bulls have decided to go with Teague and newly-acquired guard D.J. Augustin.

The Bulls now have 13 players on their roster.