Chicago Bulls Add Keith Bogans

Aaron YoungContributor IIIAugust 7, 2010

LOS ANGELES, CA - DECEMBER 13:  Keith Bogans #10 of the San Antonio Spurs argues a foul call against the Los Angeles Clippers at Staples Center on December 13, 2009 in Los Angeles, California.  NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Harry How/Getty Images)
Harry How/Getty Images

Late Friday night, the Bulls added a 12th man to their revamped and improved roster.

After being speculated as a target for the team for over a week, the Chicago Bulls have announced their signing of veteran shooting guard Keith Bogans.

Bogans played for the San Antonio Spurs last season, averaging 4.4 points and 2.2 rebounds in about 20 minutes per game. For his career, he averages 7.1 points and 3.0 rebounds over 23 minutes per game.

The 6'5" Kentucky graduate joins Ronnie Brewer and Kyle Korver in Chicago's rotation of capable two guards. That doesn't mean Tom Thibodeau and the Bulls organization are through looking for shooters, however.

As David Aldridge reported last night, the signing of Bogans, worth only $2.5 million over two years, doesn't eat up the entirety of the team's remaining cap space. With money left and three roster spots to fill, the Bulls may make a move for Portland swingman Rudy Fernandez.

During this offseason, after expressing his disinterest in returning to the Trail Blazers, Fernandez was made available for trade.

Many teams have shown great interest in the Spaniard, including the New York Knicks and Chicago Bulls.

The Knicks, though, have withdrawn from contention after completing their backcourt rotation with the Roger Mason Jr. signing.

On the other hand, the Bulls remain very active in pursuing Rudy Fernandez. So far, it has been reported that Chicago has offered a future first round pick in exchange for the young sharpshooter.

However, the Trail Blazers are demanding a player in addition to the conditional pick, most preferably young power forward Taj Gibson. But the Bulls have been reluctant to give up Gibson after an impressive rookie year.

As of now, the best player Chicago has made available to trades is second year forward James Johnson, who had the duty of guarding Lebron James in the first round of the 2010 playoffs.

Negotiations are in the early stages and nothing is guaranteed to happen for either team.

If the Chicago Bulls do strike out on acquiring Rudy Fernandez, Tracy McGrady could once again become their primary target.

In the last few weeks, the Bulls organization and McGrady have been on a negotiating roller coaster. At times, it has seemed that his signing was a done deal and at others, it was speculated that he was leaning toward retirement.

In the end, all the speculation will conclude with most likely the announcement of another shooter signing with the Bulls—whether it be Fernandez, McGrady, or someone else.

You can expect rumors to be widespread next week as the Chicago Bulls complete their roster in hopes of becoming the alpha dog in the Eastern Conference.