The Chicago Bulls waived Malcolm Thomas on Tuesday.

RealGM's Shams Charania reported the Bulls' decision in regards to the guarantee on Thomas' contract on Monday.

A source cited the Bulls' salary situation as the reason for waiving Thomas. The Bulls are interested in re-signing Thomas at a later point.

“I’ve worked on my strength, a lot of offense and defense,” Thomas told RealGM after the Bulls’ final summer league game. “I’ve worked on pretty much everything. … There’s always stuff that I could have done better, but overall our team played well here and I think I played good.”