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The Chicago Bulls waived Rajon Rondo on Friday, ending the point guard's stint with the team after one season. Rondo had a team option worth nearly $13.4 million that would have become fully guaranteed if Chicago hadn't waived him by Friday. He will instead receive $3 million by being released.
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The Bulls also waived reserve guard Isaiah Canaan.
Rondo averaged 7.8 points and 6.7 assists in 69 games for the Bulls. He started just 42 contests as he was benched for a time by coach Fred Hoiberg in December and didn't return to the starting lineup until late in the season.
Rondo, 31, will be playing for his fifth organization in the past four seasons. He was a four-time All-Star during 8 1/2 seasons with the Boston Celtics but hasn't come close to his previous form in stints with the Dallas Mavericks (46 games), Sacramento Kings (one season) and the Bulls.
Canaan averaged 4.6 points in 39 games for the Bulls. He has an 8.4 career average in four seasons with the Houston Rockets, Philadelphia 76ers and the Bulls.
