The Bulls added to their backcourt depth on Tuesday, signing Isaiah Canaan to a two-year deal worth $2.2 million, according to CSN Bulls Insider Vincent Goodwill. The second year is a team option, according to Goodwill.
Canaan, 25, spent parts of the last two seasons with the Philadelphia 76ers. The shoot-first point guard averaged 11.0 points and 2.3 3-pointers in 77 games (39 starts) for the Sixers last year. He'll likely begin the year on the depth chart behind free-agent acquisition Rajon Rondo and trade acquisition Jerian Grant, but his perimeter shooting will be important for a Bulls backcourt lacking it.
Last season Canaan made 176 3-pointers, more than the 133 Rondo, Dwyane Wade and Jimmy Butler combined for a year ago.
He suffered a torn labrum in his left shoulder in the final month of the season, and became a free agent when the rebuilding 76ers opted not to give him a qualifying offer.
Canaan was selected in the second round (34th overall) by the Houston Rockets in 2013. He's a career 36 percent 3-point shooter.
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Canaan was selected in the second round (34th overall pick) of the 2013 NBA Draft by the Houston Rockets. On Feb. 19, 2015, he was traded to the 76ers.