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Chicago Bulls release Rajon Rondo, Isaiah Canaan

The Chicago Bulls could have rallied behind the "undefeated with Rondo" theme and rolled into next season with a reasonable amount of optimism.

Instead, they chose to dismantle the "Three Alphas" roster.

The roster shake-up continued Friday when the Bulls officially released veteran point guard Rajon Rondo. Guard Isaiah Canaan also was waived.

The Bulls had to choose between taking on the second year of Rondo's contract at $13.4 million or letting him go and paying him $3 million.

When the regular season ended, vice president of basketball operations John Paxson suggested it was very likely Rondo would return to the Bulls. But trading Jimmy Butler to Minnesota signaled the start of a rebuilding project.

Rondo might have been valuable as a veteran mentor for the younger players, a role he enjoyed and thrived in last season. Now there are two young point guards on the roster with Kris Dunn and Cameron Payne, making playing time an issue with Rondo.

There was a wide variety of outcomes in Rondo's only season with the Bulls. He played well in some big games but was demoted to second string on Dec. 30. Eventually, Rondo regained his starting job and was brilliant in the first-round playoff series against Boston, when the Bulls won Games 1 and 2 on the road.

The good news ended, though, when Rondo broke his thumb late in Game 2 and sat out the rest of the series, which the Bulls lost 4-2.

During the regular season, Rondo averaged 7.8 points, 6.7 assists and 5.1 rebounds.

The Bulls have nine players under contract for next season, starting with the lone remaining Alpha, Dwyane Wade. The others are Dunn, Payne, Jerian Grant, Zach LaVine, Denzel Valentine, Paul Zipser, Bobby Portis, Robin Lopez and rookie Lauri Markkanen.

The Bulls have three restricted free agents: Nikola Mirotic, Cristiano Felicio and Joffrey Lauvergne. There were late reports that Felicio has agreed to a four-year, $32 million deal to stay with the Bulls.

The Bulls will be open to making moves during free agency. They likely will have the cap room to absorb contracts and might consider trading Lopez, 29, who has value and is older than their primary rebuilding pieces.

By launching the rebuild, the Bulls want to be a bad enough team to get a top-10 draft pick next year. They may be on the lookout for potential veteran leaders, since it seems unlikely Wade will stick around all season, but don't expect any major moves.

For the rest of the league, free agency could be eventful. There already were a couple of pre-emptive trades, with Chris Paul heading to Houston and Minnesota sending point guard Ricky Rubio to Utah for a first-round pick. Paul was expected to become a free agent on July 1 but instead he decided to opt in for the final year of his contract to enable the trade.

There was another surprise late Friday with reports of Indiana's Paul George being traded to Oklahoma City for Victor Oladipo and Domantas Sabonis.

Here are the biggest questions for this round of NBA free agency:

Waiting on Hayward: Will Utah star Gordon Hayward re-sign with Utah, or will he jump to Boston and play for Brad Stevens, his college coach at Butler?

The desire to sign Hayward is believed to be a reason the Celtics didn't pursue a Jimmy Butler trade.

Why would Hayward leave? Well, he may have no chance to ever play in the NBA Finals by staying in the Western Conference.

Warriors need work: Golden State has four key free agents: Steph Curry, Kevin Durant, Andre Iguodala and Shaun Livingston. It will be expensive to keep all four, but no one wants to leave a legendary team.

Expect Curry and Durant to save some money for the other two, though there are rumors Iguodala will meet with San Antonio.

Clippers collapse: With Chris Paul leaving, the Clippers might be another team looking to rebuild. Blake Griffin did decide to stay with the Clippers, agreeing to terms late Friday on a five-year deal worth approximately $175 million.

Minnesota missing a piece: After trading Rubio, the Timberwolves need a point guard. Indiana's Jeff Teague is considered the heavy favorite, but if that falls through, maybe Toronto's Kyle Lowry or even Derrick Rose could become possibilities.

• Get the latest Bulls news via Twitter by following @McGrawDHBulls.

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Chicago Bulls guard Rajon Rondo averaged nearly 8 points per game and 6.7 assists last season, but it wasn't enough to keep his job with the Bulls. Associated Press
The Chicago Bulls decided Friday to release veteran guard Rajon Rondo. Associated Press

List of top NBA free agents

Top 2017 NBA free agents

Top of the line

Kevin Durant, Warriors

Steph Curry, Warriors

Gordon Hayward, Jazz

Blake Griffin, Clippers

Paul Millsap, Hawks

Kyle Lowry, Raptors

Second tier

Danilo Gallinari, Nuggets

Andre Iguodala, Warriors

Jrue Holiday, Pelicans

Serge Ibaka, Raptors

George Hill, Jazz

Jeff Teague, Pacers

Derrick Rose, Knicks

Taj Gibson, Thunder

J.J. Redick, Clippers

Restricted

Nikola Mirotic, Bulls

Kentavious Caldwell-Pope, Pistons

Otto Porter Jr., Wizards

Tim Hardaway Jr., Hawks

Cristiano Felicio, Bulls

Nerlens Noel, Mavs

Kelly Olynyk, Celtics

Alex Len, Suns

Tony Snell, Bucks

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