From ESPN's Chris Sheridan:

Contract terms were not disclosed by the team, but a source told ESPN.com that Hunter agreed to a one-year, non-guaranteed contract. His salary will be a pro-rated share of the veteran's minimum of about $1.3 million for players with at least 10 years' experience.

Hunter is expected to be in uniform Thursday night when the Bulls play host to the Dallas Mavericks.

He will add a veteran presence to a roster already jam-packed with guards, although the backcourt has been depleted by injuries to Larry Hughes (dislocated shoulder) and Kirk Hinrich (thumb surgery).

Can't say I'm surprised, not after the news that he worked out for the Clippers last month. At the very least he can give Derrick Rose a few tips about playing terrific on-the-ball defense. So long as keeps his real estate and conditioning tips to himself, there's no downside.