According to a report in the Puerto Rican Newspaper El Nuevo Dia, the Bulls are close to signing veteran guard Carlos Arroyo to a one-year, $1 million contract.
Arroyo, 30, played in Israel last season. During the 2007-08 season he played with the Orlando Magic and averaged 6.9 points and 3.5 assists in 62 games (20 starts). He has averaged seven points and 3.3 assists in 10 NBA seasons with the Magic, Toronto Raptors, Denver Nuggets, Utah Jazz and Detroit Pistons.
The Bulls currently have 14 players in the roster, but that group includes Jerome James and unsigned restricted free agent Aaron Gray. The Bulls are deep at point guard with Derrick Rose and Kirk Hinrich, but Arroyo would be insurance in case anyone is injured.
