Bulls buy out contract of Tim Thomas

The Chicago Bulls are buying out the contract of forward Tim Thomas.

Thomas had one season left on his deal, which would have paid him nearly $6.5 million. He played in just 18 games with the Bulls after being acquired from the New York Knicks in a four-player trade on Feb. 19.

The move helps keep the Bulls from paying the luxury tax after signing Jannero Pargo and re-signing Lindsey Hunter.

The 32-year-old Thomas has averaged 11.6 points and 4.1 rebounds for six teams in 12 years. He was also dealt from the Knicks to the Bulls before the 2005-06 season, but played just three games for Chicago and was waived the following March.

Information from The Associated Press was used in this report.