In a surprising and much-questioned move, the Orlando Magic renounced its rights to the power forward Tuesday after receiving an oral commitment from top free agent Rashard Lewis. Milicic is now an unrestricted free agent.

Milicic intrigues the Bulls, who have contacted his agent to express their interest. Only the Charlotte Bobcats, Milwaukee Bucks and Grizzlies own significant salary-cap room to sign him, though, so Milicic might be forced to sign for the midlevel salary-cap exception of roughly $5.5 million, which the Bulls have.