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Report: Bulls close to signing Jimmer Fredette

Jimmer Fredette averaged 7.2 points per game last season with the Kings. (Layne Murdoch Jr./NBAE via Getty Images)

Jimmer Fredette averaged 7.2 points per game last season with the Kings. (Layne Murdoch Jr./NBAE via Getty Images)

The Chicago Bulls are close to signing former Sacramento Kings shooting guard Jimmer Fredette, reports Marc Stein of ESPN.com.

ESPN.com reported that the Cleveland Cavaliers were also interested in Fredette.

Fredette was bought out by the Kings on Thursday, but he cannot sign a contract with a new team until Saturday if he clears waivers.

Fredette was selected by the Milwaukee Bucks with the 10th overall pick in the 2011 draft and was traded to Sacramento in a draft day deal involving the Charlotte Bobcats. He is averaging 5.9 points in 11 minutes per game in 41 games this season.

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