The Bulls informed Carlos Boozer on Tuesday that they will use the amnesty provision on him, ending his four-season stint in Chicago.
That excises Boozer's expiring $16.8 million salary from the Bulls' salary-cap and luxury-tax figures, paving the way for them to sign Pau Gasol and Nikola Mirotic.
Teams with cap space can now bid to sign Boozer. The highest bid will claim him, set his salary for the 2014-15 season, and the Bulls will pay the difference between that figure and $16.8 million.
After averaging 19.3 points and 10.5 rebounds in six seasons with the Jazz, Boozer posted 15.5 points and nine rebounds while playing almost four fewer minutes per game with the Bulls.
His per-36 minutes averages - 20.4 points and 11.1 rebounds in Utah vs. 18.4 points and 10.7 rebounds with the Bulls - were comparable, although his shooting percentage dipped.
In a tweet, Boozer said, "Wanna Say Thank You To The Bulls Organization!!! Thank You For The Last Four Years!!!"
The Bulls went 205-107 for a .657 winning percentage in Boozer's four seasons as a starter.
"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 in a statement. "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."
The Bulls also waived the non-guaranteed deals of Mike James, Ronnie Brewer and Lou Amundsen. These also create the necessary salary cap space for the Bulls' imminent free-agent signings.