The Bulls waived guard Keith Bogans and Jannero Pargo Friday.
Bogans started all 82 games for the Bulls last season and averaged 4.4 points but became expendable with Hamilton's signing. Pargo, from Robeson High by way of Arkansas, signed last March and did not appear in a game last season, although he played in 63 games and averaged 5.5 points in 2009-10.
"We have a great appreciation for what he did," Thibodeau said of Bogans. "He had an unbelievable year for us last year. He filled his role great. He played great defense each and every night, knocked down open 3s, was the consummate professional and we wish him well."