Thu 5/16/13 5:17 PM

The Bulls are expected to buy out the final year of Richard Hamilton's contract for $1 million, according to K.C. Johnson of the Chicago Tribune. Chicago's other option is a $5 million salary in 2013-14 for a 35-year old who earned DNP-CDs in all but four of the Bulls' playoff games. It's not a surprise which way the Bulls are leaning. Mark this one in the category of the best scenario for both sides. Hamilton will try to find a job as a veteran shooter off the bench while the Bulls will look for some more consistency from perimeter, possibly in the form of free agent Kyle Korver.