The Bulls plan to waive Jones, Marc J. Spears of ESPN.com reports Tuesday.
Jones was traded along with pick swaps and cash from the Pacers to the Bulls in exchange for Braden Smith during the 2026 NBA Draft, though Jones is set to hit the open market if he clears waivers. The No. 38 overall pick in 2025, Jones appeared in 37 regular-season games (seven starts) for Indiana in 2025-26, averaging 4.4 points, 3.2 assists and 1.6 rebounds in 16.6 minutes per contest.