AUGUST 17: Lofton’s deal with the Bulls is official, according to RealGM’s transaction log. It’s an Exhibit 10 contract, Hoops Rumors has confirmed.
AUGUST 16: Free agent forward Kenneth Lofton Jr. has agreed to a one-year contract with the Bulls, sources tell Shams Charania of The Athletic (Twitter link).
While Charania doesn’t provide any other details on the deal, he says Lofton will have the opportunity in training camp to compete for a spot on Chicago’s regular season roster. That suggests it’ll be a non-guaranteed minimum-salary contract.
Lofton, who turned 22 on Wednesday, began his professional career with the Grizzlies in 2022 after going undrafted out of Louisiana Tech. The bulky 6’6″ forward spent most of his rookie year on a two-way contract with Memphis, appearing in 24 NBA games.
After being converted to a standard contract in April 2023, Lofton began the 2023/24 season on the Grizzlies’ 15-man roster, but was waived in December when Ja Morant was activated from the suspended list. He spent a couple months on a two-way deal with Philadelphia, then was waived again in March and signed a rest-of-season contract with the Jazz, who cut him last month before his ’24/25 salary became partially guaranteed.
Although Lofton didn’t play much at the NBA level in ’23/24, he finished the year strong in Utah, averaging 13.8 points, 5.0 rebounds, and 4.8 assists in 22.8 minutes per game across four April outings for the Jazz. He also had a big year in the G League, earning All-NBAGL First Team honors after putting up 25.1 PPG, 9.5 RPG, 4.4 APG, and 1.6 BPG in 19 regular season games (30.1 MPG) for the Delaware Blue Coats and the Salt Lake City Stars.
The Bulls currently have 14 players on guaranteed standard contracts, with Onuralp Bitim on a non-guaranteed deal, so if Lofton impresses in camp, he could become the team’s 15th man. Chicago also has a two-way spot available, though Lofton would only be eligible to have his contract converted to a two-way deal if it includes Exhibit 10 language.