The Bulls insist they have made no formal decision on whether to pick up Rondo's $13.4 million option or waive him for the $3 million guarantee by that deadline. But while the Bulls greatly value Rondo's talent and teaching and mentoring ability, they also know their young point guards Kris Dunn and Cameron Payne need to play. And they also still have Jerian Grant.
According to sources, one option being considered is waiving Rondo and trying to re-sign him at a lower salary. However, Rondo restored his standing around the league with his professionalism and playoff performance under trying circumstances last season and is expected to draw interest from at least the Pelicans and Pacers in free agency. So that move would be a risk.