Bulls

Bulls Waive Guard Rip Hamilton

Richard Hamilton of the Chicago Bulls looks to pass while guarded by Courtney Lee and Luis Scola of the Houston Rockets on April 2, 2012 at the United Center in Chicago, Illinois. Hamilton returned to the Bull's lineup for the first time since injuring his right shoulder on March 5th. (Photo by Ray Amati/NBAE via Getty Images) /Getty Images)

Richard Hamilton of the Chicago Bulls looks to pass while guarded by Courtney Lee and Luis Scola of the Houston Rockets on April 2, 2012 at the United Center in Chicago, Illinois. Hamilton returned to the Bull’s lineup for the first time since injuring his right shoulder on March 5th. (Photo by Ray Amati/NBAE via Getty Images) /Getty Images)

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(CBS) — The Chicago Bulls have waived shooting guard Richard “Rip” Hamilton, according to a team release.

Hamilton appeared in 78 games over two seasons with the Bulls and averaged 10.5 points per game and 2.6 assists per game and averaged 22.9 minutes.

Hamilton signed with the Bulls as a free agent on Dec. 14, 2011.