The Chicago Bulls decided Tuesday to use the amnesty clause with Carlos Boozer that could allow the veteran forward to go to the highest bidder.
The move was expected after the Bulls signed free-agent forward Pau Gasol last weekend.
The amnesty provision allows the Bulls to pay Boozer next season without counting against their salary cap. He is scheduled to make $16.8 million in 2014-15.
Interested teams will be able to submit undisclosed bid for Boozer. The highest bidder would pay him the amount of the bid and the Bulls would be responsible for the difference between the bidder's offer and his 2014-15 salary. If no one makes a bid, Boozer becomes an unrestricted free agent who is then free with sign with any team.
"Carlos epitomized professionalism in everything he did for the Bulls both on the court, and in the community, during his time here in Chicago," Bulls general manager Gar Forman said. "Over the last four seasons, Carlos' productivity helped elevate our team to another level. I have nothing but respect for Carlos and certainly wish him the best as he moves forward."
In four seasons with the Bulls, Boozer started 280 games and averaged 15.5 points, 9.0 rebounds and 2.0 assists. He came to Chicago in 2010 from the Utah Jazz and signed a five-year, $75 million contract.