ESPN’s Marc Stein reports that the Bulls are signing center Kyrylo Fesenko to a non-guaranteed contract and he will join the team for training camp starting next week.
One small problem: the Bulls are hard-capped for the entirety of the season at $74 million, and are currently so close to the cap that they cannot even expend enough to add a player at the veteran’s minimum.
Fortunately, the Bulls have a loophole they can exploit. The minimum goes down over the course of the season. Players signed to a mid-season minimum deals earn the same amount of money per game, but the total amount of money in the deal goes down as the number of games does.
Basically, if the Bulls wait until the end of November, they can sign Fesenko to the prorated minimum and just barely fit him under the hard cap. So that’s what’s going on. The Bulls will “cut” Fesenko after training camp and then bring him back when they have enough room to officially do so.
It’s hard to say right now exactly where Fesenko fi...