Augustin, 26, averaged 13.1 points, 4.4 assists, 1.8 rebounds and shot 40.1 percent from three-point range in 71 games with the Toronto and Chicago last season.
After the Raptors waived Augustin in December, the Bulls acquired the 2008 first-round pick to stabilize their backcourt after Derrick Rose was lost for the season with a torn ligament in his right knee.
Augustin's playing time and scoring numbers jumped as he helped Chicago win 48 games and earn the No. 4 seed in the Eastern Conference. Augustin scored 25 points in Game 2 of the team's first-round playoff series against the Wizards, which they lost in five games.
In April, Augustin expressed interest in remaining with Chicago. From CBS Chicago:
“I would love to be back here,” Augustin reiterated Monday. “This organization, this team is great, and I think it’s great for me. (Thibodeau) has given me the opportunity to play and get better. It’s been great for me.
“When the time comes, I’ll let my agent handle it and just kind of relax.”
But the Bulls may not be interested in keeping Augustin. Chicago has limited cap space and is reportedly pursuing a deal for free agent point guard Kirk Hinrich, who has spent nine of his 12 seasons with the team.
Charlotte, Dallas registering interest on free agent guard D.J. Augustin, league sources tell Yahoo Sports.— Adrian Wojnarowski (@WojYahooNBA) July 12, 2014