Bulls Sign Marco Bellineli (UPDATE)

by July 24, 2012

According to the Chicago Tribune, the Bulls could soon be adding Marco Bellineli to their roster: “The Bulls did spend money on Kirk Hinrich to replace C.J. Watson and appear close to signing Marco Bellinelli to augment a bench that also lost John Lucas III. But with the Bulls finally receiving Asik’s three-year, $25.1 million offer sheet from the Rockets on Sunday, the writing is on the wall. In the wake of Derrick Rose’s knee injury, the Bulls have made their decisions. Whether they are interpreted as basketball or financial is in the eye of the beholder. On the one hand, the Bulls will enter luxury-tax territory for the first time in franchise history. But they will do so after letting Omer Asik walk for nothing, an asset GM Gar Forman repeatedly said he would match any offer for throughout last season.”

UPDATE: The deal is now complete. Bellineli’s contract with Chicago will be for two years, according to the Chicago Tribune.