Cavatt
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It's possible they didn't re-sign him because they are paying about a billion dollars to Zach LaVine, who plays the same position. It's also possible that he didn't want to return to Chicago, or thought he'd have a bigger role here.
Teams lose guys they don't necessarily want to lose all the time, though.
All these fan assessments are that it is a puzzling move. They wanted to keep him. Prefer that to Jazz fans saying good riddance to Hood.
This is pretty prob becauseLavine is the starter and Valentine the backup.
https://dawindycity.com/2018/07/13/chicago-bulls-rescind-offer-nwaba/