He announced the news via Twitter on Friday.
Philly, I appreciate you all. Unfortunately I will not be coming back, as an organization they decided to move in a different direction.— Lou Williams (@TeamLou23) July 6, 2012
The 25-year-old lead guard averaged 14.5 points and 3.5 assists per game for the young Sixers squad. His announcement is a blow to the Sixers, but he will be a solid pickup for another squad. He's a prime candidate to lead a contender's second unit because of his ability to get to the rim and above-average shooting stroke (36 percent from three-point land last year).
Williams isn't your traditional point guard. He did average over three assists per game off the Philadelphia bench last year, but he tends to look for his own shot before helping others.
Either way, he's a valuable asset. Several teams need a capable bench scorer, but the Bulls need Williams in a few capacities.
Williams is that answer. Not only would he provide more stability than Teague is going to (at least initially), he would give the Bulls another capable scorer. Their backcourt isn't riddled with firepower and would benefit from Williams' scoring outbursts.
Chicago is going to need something to stick with Miami next season. They are already behind the eight-ball with Rose on the injury list, and who knows if they can duplicate last season's success with Rose out of the lineup.
Signing Williams would provide reassurance for the Bulls backcourt. At this point, we don't know how Rose is going to hold up in the long run. Williams may be a valuable long-term option.
It probably won't take long for someone to scoop up Williams. The Bulls would be to wise to swoop in while there's still time.