Belinelli may sign with Bulls, leaving Asik out

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The Chicago Bulls have begun advanced talks with free agent shooting guard Marco Belinelli, and he may sign for the bi-annual exception, according to Alex Kennedy of Hoops World.

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Alex Kennedy It sounds like Marco Belinelli and the Chicago Bulls are in advanced talks. Nothing imminent, but he may sign for the bi-annual exception.
Jul 20 via webFavoriteRetweetReply
Belinelli, 26, played the last two seasons with the New Orleans Hornets after time with the Golden State Warriors (2007-09) and Toronto Raptors (2009-10).
The sharpshooter enjoyed the best season of his career last year, averaging 11.8 points and 1.6 3-pointers per game. He doesn't add much else, but would fill a similar role held by Bulls forward Kyle Korver a year ago. Korver was traded last week to the Atlanta Hawks for a trade exception and cash considerations.
Belinelli's bi-annual exception would be worth 1.957 million in 2012-13.
More importantly than the potential addition of Belinelli, using the bi-annual exception would put the Bulls on a hard salary cap spending limit of 74.3 million.
Given Chicago's current contracts, Belinelli's impending contract and Kirk Hinrich's eventual salary, the Bulls would not be able to match the Houston Rockets' offer sheet on Omer Asik and stay under the hard salary cap.
Teams using their mid-level exception also may not go over the hard salary cap.

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