C.J. Watson News

After a great run in Phoenix, it seems likely that Steve Nash may finally leave to play for a championship team.

Luxury-tax penalties ominously loom over the Chicago Bulls next season, but the Bulls can avoid cutting into their profits by readjusting their financial commitments.

Bulls shooting guard Rip Hamilton will be joining the in-studio TV crew at NBA TV according to a Chicago Tribune report.

As Alex noted in his last post about CJ Watson and the PG market, the Bulls do not have a lot of available ways to sign free agents.

In the latest installment of "Ask K.C.," the Tribune's Bulls beat writer tackles questions about Carlos Boozer's future, offseason trade possibilities and Derrick Rose's chances of making a full recovery from ACL surgery.

C.J. Watson said last week that the Bulls have already told him that they will exercise their option to keep him on the roster for 2012-13 . The Bulls' option is to trade him before the end of June, pay him $3.2 million next season, or allow him to enter free agency.

Derrick Rose, who underwent surgery to repair the torn anterior cruciate ligament in his left knee Saturday, will make $15,506,632 for a 2012-13 season of which he will miss a significant portion.

It's very unlikely the Chicago Bulls will use the amnesty clause on Carlos Boozer this summer, because it's quite apparent that such a maneuver will not free up extra cap space.

The Chicago Bulls said all season reserve guard C.J. Watson was playing through severe pain while the team dealt with injuries to their starting backcourt of Derrick Rose and Richard Hamilton .

Bulls general manager Gar Forman spoke with the media on Thursday and made it rather plain that PF Carlos Boozer still has supporters in the front office: "I think Carlos had a very productive year," Forman said.

The Chicago Bulls weren't kidding when they kept saying C.J. Watson was playing through pain.

Bulls GM Gar Forman, athletic trainer Fred Tedeschi and team physician and orthopedic surgeon Dr.

The Chicago Bulls don't have that much money to work with during the 2012 NBA free-agency period, so they have to look at mostly second-tier players to help them strengthen their squad for next year.

Yesterday we told you the good news - Derrick Rose 's knee surgery went about as well as could be hoped and he was told the recovery time would be eight months.

MAY 08: Omer Asik #3 of the Chicago Bulls knocks the ball away from Elton Brand #42 of the Philadelphia 76ers in Game Five of the Eastern Conference Quarterfinals during the 2012 NBA Playoffs at the United Center on May 8, 2012 in Chicago, Illinois.

Bulls point guards C.J. Watson, Derrick Rose, and John Lucas III celebrate after defeating the Los Angeles Lakers on Christmas Day 2011.

The team looked to be on the rise after the return of the reigning MVP and a seemingly favorable matchup against the Philadelphia 76ers .

Detroit Pistons head coach Lawrence Frank, right, and Joe Dumars, president of basketball operations, addresses the media at the team's NBA basketball practice facility in Auburn Hills.

It wasn't quite as bad as Marion Barber running out of bounds in Denver, but it was pretty close.

The Philadelphia 76ers are coming off a series win over the Chicago Bulls in which they averaged just 86 points per game.