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Chicago Bulls

AP source: Bulls re-sign forward Cristiano Felicio

CHICAGO – A person familiar with the situation says the Bulls have agreed to a four-year, $32 million contract with reserve forward Cristiano Felicio.

The person spoke on the condition of anonymity Saturday to The Associated Press because the deal has not been announced.

The move came a day after the Bulls waived guards Rajon Rondo and Isaiah Canaan.

The 6-foot-9 Felicio signed with the Bulls two years ago after playing in Brazil the previous season. He developed into a consistent backup last season, averaging 4.8 points and 4.7 rebounds in 66 games.

The rebuilding Bulls are high on Felicio's potential and are focusing on developing young players. They traded All-Star guard Jimmy Butler to Minnesota on draft night for three players 23 and younger – Zach LaVine, Kris Dunn and the rights to No. 7 overall pick Lauri Markkanen.

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