Agent: Butler to sign with Bulls

According to his agent, swingman Rasual Butler will sign with the Bulls once he clears waivers, CSNChicago.com has learned.

Andy Miller, Butler's agent, told CSNChicago.com, "We intend on signing with Chicago when he clears waivers," via text message Wednesday morning.

Butler, a 6-foot-7 sharpshooter, confirmed to CSNChicago.com that he was bought out of his contract by the Los Angeles Clippers late Sunday evening.

Butler played for former Bulls head coach Vinny Del Negro and the Clippers until late December. Butler was in the last year of a contract worth $2.4 million. The Bulls have roughly $2.9 million in cap space.