India, March 31 -- In a major update for the Chicago Bulls on Monday, it was reported that star guard Jaden Ivey has been waived by the franchise in the aftermath of a series of controversial comments Ivey made on social media.

ESPN's NBA Insider Shams Charania reported that the Bulls have decided to let Jaden Ivey go. The Bulls have not officially confirmed the decision and neither has Ivey reacted to it. However, per reports, Ivey is all set to become a free agent this summer and will not feature anymore for the Bulls.

Charania wrote on X that the decision on Jaden Ivey was taken "after his recent anti-LGBTQ comments amid several rants on religion and other topics." The waiver comes less than a week after he was sidelined over left kn...