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Report: Bulls signing Isaiah Canaan to two-year, $2.2 million contract

Los Angeles Lakers v Philadelphia 76ers

PHILADELPHIA, PA - DECEMBER 1: Isaiah Canaan #0 of the Philadelphia 76ers reacts after a made basket in the game against the Los Angeles Lakers on December 1, 2015 at the Wells Fargo Center in Philadelphia, Pennsylvania. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. The 76ers defeated the Lakers 103-91. (Photo by Mitchell Leff/Getty Images)

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The Bulls traded Jose Calderon to sign Dwyane Wade, but the move also cleared up Chicago’s glut of point guards.

Now, the Bulls are bringing in another in Isaiah Canaan.

Vincent Goodwill of CSN Chicago:

Canaan has steadied himself as a good 3-point shooter... and that’s about it. He’s so limited as a distributor, Ish Smith looked like a savior replacing Canaan as the 76ers’ starter last year.

Maybe Canaan can play play some shooting guard. The Bulls could use depth behind Wade. But at 6-foot, that’s a tough sell.

Otherwise, Canaan will compete with Jerian Grant and Spencer Dinwiddie for minutes behind Rajon Rondo. Neither Grant nor Dinwiddie has a proven track record of success either, so Canaan could help. At this low cost and on a contract not guaranteed after this season, it’s worth finding out.