Illinois: Veteran guard Richard Hamilton has signed with the Chicago Bulls, joining MVP Derrick Rose in what figures to be a deep backcourt.
Terms were not released, but a person familiar with the situation said earlier in the day, it's a three-year, $15 million deal. The person spoke on the condition of anonymity because the contract had not been finalized.
The Chicago Tribune, citing sources, reported the team holds an option for the third year. If the Bulls don't exercise it, he receives some partial guarantees.