In an effort to get younger and provide a more secure backup for Derrick Rose, the Chicago Bulls are shopping guard Rip Hamilton.  Read more after the jump.

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League sources said the Bulls have shopped Richard Hamilton’s expiring $5 million deal, which carries a mere $1 million guarantee for 2013-14.

While no potential deals have been reported in terms of years and dollars, it could be the Bulls that emerge as the strongest contenders in the O.J. Mayo sweepstakes.

While there are currently no takers, they’re reportedly looking to move aging shooting guard Richard Hamilton and his expiring contract. If the Bulls are successful, it would free up a bit of cap space to sign Mayo, and could slot a younger, more athletic Mayo guard into their rotation and add a much-needed ball handler to their backcourt with Derrick Rose’s future uncertain.

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