The Bulls have opened up a two-way contract slot by waiving RaiQuan Gray, according to NBA.com’s transactions log.
The 25-year-old power forward was acquired from the Spurs in the three-team deal that sent DeMar DeRozan to Sacramento last week. All the teams involved in the trade had to send or receive at least one asset from each other, so Gray was shipped to Chicago to satisfy that requirement.
Gray has seen minimal time in the NBA since being selected by Brooklyn with the 59th pick in the 2021 draft. He appeared in one game after signing a two-way contract with the Nets at the end of the 2022/23 season. He joined the Spurs on an Exhibit 10 contract last fall, but was waived in training camp.
He signed a two-way contract covering two seasons with San Antonio in March and appeared in three games. Gray played 43 G League contests for the Austin Spurs last season, averaging 15.4 points, 6.0 rebounds and 1.7 steals per night.
The move leaves the Bulls with a two-way roster opening as they consider their options at Summer League. Andrew Funk and Adama Sanogo are Chicago’s current two-way players.