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

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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.