Chicago Bulls Waive Rajon Rondo

UPDATE (June 30, 4:52 p.m. EST): The Chicago Bulls officially waived Rajon Rondo on Friday afternoon, making Rondo an unrestricted free agent.

ORIGINAL STORY: As the Chicago Bulls head into a full rebuild, veteran point guard Rajon Rondo will likely be waived as the team focuses on its young core.

Chicago has been shopping Rondo’s contract ahead of Friday’s decision day on his $13.4 million team option—but to no avail. Per ESPN’s Nick Friedell:

RELATED:
Rajon Rondo: Bulls Would’ve Swept Celtics If He Didn’t Get Injured