Chicago Bulls Rumors | Hoops Rumors

Bulls Re-Sign Nikola Mirotic

September 26th, 2017 at 12:17pm CST by marksuleymanov

SEPTEMBER 26: The Bulls have officially re-signed Mirotic, the team announced today in a press release. The club’s roster count is now at 19 players, including 13 on guaranteed deals.

SEPTEMBER 24: The Bulls have agreed to re-sign Nikola Mirotic to a two-year, $27MM deal, according to Shams Charania of The Vertical. Mirotic has a right to veto any trade in the first year of his new Bulls deal, Charania adds. Mitrocic’s second year will include a team option, per Vincent Goodwill of CSN Chicago (Twitter link).

Mirotic, 26, has been a steady scoring presence for Chicago the last three seasons. The Montenegro native averaged 10.6 PPG and 5.5 RPG in 70 games (15 starts) for the Bulls last season. The 6’10” forward was one of the last restricted free agents on the market — with Mirotic returning to Chicago and Alex Len signing his qualifying offer in Phoenix, Grizzlies forward JaMychal Green is now the final unsigned RFA.

Earlier this week, we noted that Mirotic had not made any progress but that his qualifying offer remained on the table. Now, he has a multiyear deal that will keep him in Chicago.

Bulls Buy Out Dwyane Wade

September 25th, 2017 at 4:25pm CST by Austin Kent

SEPTEMBER 25, 4:25pm: Wade has been formally placed on waivers, Shams Charania of The Vertical tweets. He will clear waivers on Wednesday, Charania adds.

SEPTEMBER 24, 8:36pm: The Bulls and Dwyane Wade have reached an agreement on a buyout, K.C. Johnson of the Chicago Tribune tweets.

The early favorites for Wade’s services are the Spurs, Cavaliers and Heat, Adrian Wojnarowski of ESPN tweets. Miami is currently positioned to pay him the most money this season.

Within minutes, Wojnarowski followed up with another tweet saying that Cleveland was a “clear frontrunner.”

Per Bobby Marks of ESPN, the Heat can sign Wade for $4.2MM and the Spurs can sign him for $3.3MM. The Cavaliers at $2.5MM could pay little over the veteran’s minimum.

The idea of Wade suiting up elsewhere in 2017/18 has been a popular topic ever since the organization traded Jimmy Butler to the Timberwolves earlier this summer.

It’s been said that Wade felt misled by the organization at the beginning of the offseason, given assurances that the team would remain competitive in his final year with the squad should he opt into his 2017/18 player option.

Wade, of course, did opt in but the Bulls soon changed course, trading Butler for a package centered around Zach LaVine and Minnesota’s No. 7 overall pick.

In the months since, the Bulls and Wade have gone back and forth in seemingly amicable negotiations.

Per Wojnarowski (also on Twitter), Wade will forfeit about $8MM of his $23.8MM contract, leaving the Bulls on the hook for around $16MM through 2017/18.

Considering that Chicago currently runs the risk of falling below the salary floor for the season, keeping the bulk of the veteran’s deal on their books isn’t particularly cumbersome.

Chicago came to an agreement with Nikola Mirotic earlier today that would have pushed the Bulls above the $89.2MM floor but the Wade buyout will drop them below yet again as training camps around the league begin in earnest.

Photo courtesy of USA Today Sports Images.

Latest On Dwyane Wade

September 25th, 2017 at 10:52am CST by Luke Adams

The Bulls reached a buyout agreement with Dwyane Wade on Sunday, and while that transaction hasn’t yet been made official, the future Hall-of-Famer is expected to be waived and reached the free agent market very soon.

We heard on Sunday night that the Cavaliers are the early frontrunners for Wade’s services, and that hasn’t changed today — Alex Kennedy of HoopsHype notes (via Twitter) that LeBron James and other Cavs are recruiting the veteran guard, and TNT’s David Aldridge tweets that there’s a “strong belief” Wade will end up in Cleveland.

Still, the Cavs will hardly be the only team in the running for Wade. Let’s dive in and round up all the latest on the situation…

Carmelo Anthony and Paul George have started recruiting Wade on behalf of the Thunder, sources tell Kennedy (Twitter link). The Lakers are also among the teams that have reached out to Wade, Kennedy adds (via Twitter).
The Heat would welcome back Wade with open arms, with one player suggesting that the locker room is “100% hoping it happens,” tweets Tim Reynolds of The Associated Press. However, Miami hadn’t formally reached out as of Sunday night, per Kennedy (Twitter link).
Speaking to Reynolds, Wade indicated on Sunday night that he’s looking to find a new NBA home quickly. “I’m going to take tonight and some of tomorrow and speak to the teams or players that are on my list and go from there,” Wade said on Sunday night. “My decision is a pure basketball decision and I’ll make the one that fits me best at this point in my career, and with what I feel I have to offer a team that needs what I have to offer.”
In a conversation with K.C. Johnson of The Chicago Tribune, Wade praised the Bulls and said he had no complaints about the way the franchise dealt with him, though he questioned the club’s decision to trade Jimmy Butler and embark on a full-fledged rebuild. “You’ve got one of the top five or six players in the game [in Butler],” Wade said. “That’s what you want and you were able to build that in-house. I was a little disappointed because being up 2-0 versus Boston on the road, Rondo goes down. If that doesn’t happen, we’re having a different conversation.”

Central Notes: Thompson, Cavaliers, LaVine, Collins, Pistons

September 24th, 2017 at 4:59pm CST by marksuleymanov

Before the Knicks traded Carmelo Anthony to the Thunder, the Cavaliers were another potential suitor for his services. New York wanted Cleveland center Tristan Thompson in a deal for Anthony but the Cavaliers rejected that offer, according to Joe Vardon of Cleveland.com.

The Knicks wanted cost-friendly, young, and productive assets in exchange for Anthony. Thompson, 26, is under contract for three seasons but will make a hefty salary, starting with $16.4MM in 2017/18. Vardon reports that Cleveland was willing to part with other sizeable contracts on the roster — primarily Iman Shumpert and his $11MM salary — but no deal was reached.

New York still acquired a young, controllable center for Anthony as Enes Kanter came to New York in the deal. Kanter will take in nearly $20.6MM this upcoming season and holds an $18.6MM player option for 2018/19.

Read more news from the Central Division:

In his latest mailbag, Vardon answered several questions about the Cavaliers ahead of training camp. Vardon believes it is possible that the team trades Brooklyn’s 2018 first-round pick (acquired in the Kyrie Irving trade) for an elite talent.
Zach LaVine, who was acquired from the Timberwolves in the Jimmy Butler deal, is coming off a serious injury as he prepares for his first season in Chicago. However, former Bulls head coach and current Timberwolves head coach Tom Thibodeau feels that LaVine, still just 22 years old, has tremendous upside, Joe Cowley of the Chicago Sun-Times writes.
During a recent podcast, Cowley spoke about what the hiring of Doug Collins as a senior adviser for the Bulls means for the team.
NBA.com’s Sam Smith previews the Bulls’ 2017/18 season by examining how the team’s mostly young core will develop.
NBA.com’s Keith Langlois looks at several storylines entering the Pistons‘ season. Among those storylines include Avery Bradley adjusting to Detroit, Luke Kennard‘s first impressions, and Reggie Jackson returning to form.

Cavaliers Notes: James, Anthony, Cousins, Wade

September 24th, 2017 at 4:02pm CST by Arthur Hill

Don’t expect a firm answer from LeBron James tomorrow when Media Day questions turn to his future, writes Joe Vardon of Cleveland.com. Monday will mark the first time the Cavaliers star has spoken to reporters since Game 5 of the NBA Finals and the first time since rumors emerged that he has plans to join the Lakers as a free agent next July. LeBron will probably tell the media that he hasn’t made up his mind, which Vardon believes is true.

The talk about LeBron’s next decision will overshadow other issues surrounding the team heading into training camp, such as the condition of Isaiah Thomas‘ hip, the new personnel on hand, the chances of Dwyane Wade coming aboard after a buyout from the Bulls and whether the organization plans to keep or trade the unprotected first-rounder it got from Brooklyn. But Cavaliers fans had better get used to it because LeBron’s future is going to eclipse everything all season.

There’s more news out of Cleveland:

The Knicks were demanding a first-round pick from the Cavaliers in exchange for Carmelo Anthony, Vardon writes in a separate story. Anthony included Cleveland among the three teams he was willing to waive his no-trade clause to join, but the Cavs felt the price was too high.
The Cavaliers are listening to offers for the Brooklyn pick, but it’s unlikely a deal will involve either of the Pelicans’ big men, according to Sam Amico of Amicohoops. Rumors have been circulating about DeMarcus Cousins, who will be a free agent next summer, but Amico says the teams haven’t discussed a Cousins trade and the Cavs may not even be interested. Also, Amico hears that New Orleans won’t trade Anthony Davis under any circumstances.
Amico believes Wade is headed to Cleveland, possibly before the season begins. He and the Bulls are ready to part ways, and Amico sees no reason why the buyout should be a lengthy process. He passes along a few other roster details in the same piece, stating that it’s unlikely that Kay Felder or Edy Tavares earns a spot, although both could wind up with the team’s G League affiliate in Canton; most scouts like Ante Zizic, who was acquired in the Kyrie Irving trade, more than Cedi Osman; and the Cavs and Rockets “were at the one-yard line, ready to punch it in” on an Iman Shumpert trade this summer.

Heat Notes: Winslow, Olynyk, Adebayo, Wade

September 24th, 2017 at 10:04am CST by Arthur Hill

For a team that brought back nearly all its key players over the offseason, the Heat head into training camp with a lot of unanswered questions. Barry Jackson of the Miami Herald examines position battles and several other topics in his latest column:

The starting small forward position will be wide open when camp begins Tuesday, with Justise Winslow, Josh Richardson and Rodney McGruder all having a shot at it. The Heat exercised their fourth-year option on Winslow this week as the former first-rounder tries to battle back from a shoulder injury that limited him to 18 games last season. Miami was only 3-12 when he started last year and he wasn’t part of the team’s surge after the All-Star break. Richardson, who received a four-year extension this week, came into the league as a guard, but played 80% of his minutes last season at forward.
James Johnson is the favorite to start at power forward, but free agent addition Kelly Olynyk will be an intriguing addition because of his outside shooting. Olynyk shoots .368 from 3-point range for his career, compared to .296 for Johnson, although he raised that number to 34% last season. Olynyk, who was used mainly in a reserve role in Boston, will see plenty of minutes in Miami whether he starts or not.
Johnson, Olynyk and Hassan Whiteside will take up most of the center/power forward opportunities, leaving little for first-round pick Bam Adebayo, whom the Heat believe has a bright future. Winslow may also be utilized as a stretch four in small-ball lineups, so Adebayo will need a strong showing in camp to earn playing time.
Okaro White and Jordan Mickey are likely to make the roster, with A.J. Hammons holding a slight edge for the 15th spot. However, the Heat have concerns about Hammons’ work ethic and he will be challenged by shooting guard Matt Williams. Former Michigan point guard Derrick Walton has been impressive over the summer, but he has a two-way contract and can’t spend more than 45 days in the NBA.
The front office isn’t unanimous in wanting Dwyane Wade back if he agrees to a buyout with the Bulls. There are concerns about his defense at age 35, and the Heat already have five guards who can make a case for playing time.

Latest On The Carmelo Anthony Trade

September 23rd, 2017 at 2:40pm CST by Arthur Hill

Carmelo Anthony recently added the Thunder to the list of teams he would waive his no-trade clause to join, but Oklahoma City GM Sam Presti and New York GM Scott Perry had been discussing a deal for weeks, reports Adrian Wojnarowski of ESPN.

Talks intensified over the last 24 hours before the agreement was reached earlier today. Anthony had reportedly insisted for most of the summer that he would only go to Houston, but he expanded that list this week to include the Thunder and Cavaliers.

The deal will be formally completed Monday, and Oklahoma City expects to have Anthony on hand when training camp begins Tuesday.

More has emerged since the trade was announced:

Sources tell ESPN’s Ian Begley that Anthony believed yesterday there was a good chance he was headed to Cleveland (Twitter link). Anthony has a tight relationship with LeBron James, and the Cavaliers could use another scorer while Isaiah Thomas is sidelined with a hip injury.
The addition of Anthony could put the Thunder in the running to sign Dwyane Wade once he reaches a buyout with the Bulls, tweets Chris Mannix of the Vertical. Wade probably wouldn’t start in Oklahoma City and the team can’t offer much money, but he may be willing to accept a sixth man role to take another shot at a ring beside Anthony, Russell Westbrook and Paul George.
Presti should be lauded for rebuilding the Thunder without surrendering a first-round pick, tweets Michael Lee of The Vertical. OKC send Victor Oladipo and Domantas Sabonis to Indiana in exchange for George, then shipped Enes Kanter, Doug McDermott and a 2018 second-rounder to the Knicks to get Anthony. The Thunder already owe their 2018 first-round pick to Minnesota (lottery protected) and another first-rounder to Orlando two years later.
Oklahoma City had a secret weapon, Lee adds, in vice president and assistant GM Troy Weaver, who helped recruit Anthony when he was an assistant coach at Syracuse (Twitter link).
The trade establishes the Thunder as the greatest threat to the Warriors’ dominance in the West, writes Dieter Kurtenbach of The San Jose Mercury News. He sees Anthony stepping into a much better role as a complementary stretch four in Oklahoma City, rather than a primary scorer in New York. OKC added free agent Patrick Patterson this summer and re-signed defensive ace Andre Roberson and may now have the pieces to challenge Golden State in a seven-game series.
ESPN’s Kevin Pelton graded the deal, giving the Thunder an A and the Knicks a D. Kanter and McDermott were both defensive liabilities, Pelton states, and the new alignment gives Oklahoma City a small-ball lineup that matches up much better with the Warriors. The Knicks didn’t take on any long-term contracts, but they also didn’t fill any pressing needs unless McDermott develops into a reliable wing scorer. Pelton expects New York to explore the trade market for Kanter before the February deadline.
Oklahoma City used two key pieces from the Bulls to pull off today’s deal, and Chicago doesn’t have much in return, writes Scott Krinch of CSNChicago. McDermott and the 2018 second-rounder that was shipped to the Knicks both came to OKC in a February trade that sent Cameron Payne, Joffrey Lauvergne and Anthony Morrow to the Bulls. Lauvergne and Morrow left as free agents over the offseason, and Payne will miss three to four months after foot surgery.
Kanter posted a message on Twitter, thanking the fans and management in Oklahoma City and saying, “Please beat the Warriors for me.”

John Paxson, The Clear Leader Authority In Front Office

September 22nd, 2017 at 5:57pm CST by Austin Kent

The man calling the shots in Chicago’s front office is John Paxson. The Bulls executive is as powerful as ever, K.C. Johnson of the Chicago Tribune writes. The new perspective – especially new after the arrival of Doug Collins this week – could serve them well as they officially embark on a rebuild.

Bulls Sign Jarell Eddie, Jaylen Johnson

September 22nd, 2017 at 1:22pm CST by Luke Adams

The Bulls have finalized a pair of signings, inking Jarell Eddie and Jaylen Johnson to contracts, according to RealGM’s log of official NBA transactions. While details of those deals aren’t known, I’d anticipate little to no guaranteed money for Eddie and Johnson.

Eddie, who will turn 26 next month, is a 6’7″ swingman who has seen NBA action with the Wizards and Suns over the last two years. Having gone undrafted in 2014, Eddie played for the G League’s Austin Spurs in his rookie season, then made his NBA debut with the Wizards in 2015/16, playing sparingly in 26 games for the club. Last season, Eddie signed a pair of 10-day contracts with Phoenix near the end of the season, appearing in just five games for the Suns.

As for Johnson, the former Louisville power forward entered the draft this spring following his junior year, but wasn’t selected in June. The 21-year-old averaged 8.0 PPG and 5.8 RPG in his final college season, with a .589 FG%.

The two signings bring Chicago’s roster count to 19 players, with restricted free agent Nikola Mirotic the likeliest candidate to fill the final roster spot. If we assume that Mirotic eventually re-signs and that Eddie and Johnson didn’t get guaranteed contracts, the Bulls would have 14 players on fully guaranteed deals. That would leave one roster spot up for grabs, assuming the team enters the season with a full 15-man squad.

While Eddie could compete with Diamond Stone and David Nwaba for that final spot, Johnson seems like a good bet to end up as an affiliate player for the Windy City Bulls.

Paxson Reiterates Bulls’ Willingness To Negotiate Buyout With Wade

September 21st, 2017 at 12:05pm CST by Luke Adams

While Dwyane Wade is expected to open the regular season with the Bulls, a buyout remains a strong possibility at some point during the league year. Asked today during an appearance on WSCR 670 AM in Chicago about that possibility, Bulls executive VP of basketball operations John Paxson reiterated that the club is willing to discuss a buyout with Wade.

“We’ve talked to his representatives,” Paxson said, per Cody Westerlund of 670TheScore.com (Twitter link). “[Bulls GM] Gar [Forman]‘s been on the phone with his guy several times in the last few weeks. So some dialogue is going on. We haven’t heard directly from Dwyane. But we understand where he is at this time of his career. We’re more than willing to work with him.”

Although Paxson stressed that the rebuilding Bulls are happy to work something out with the veteran guard, he also repeated a sentiment he expressed in June — in order a buyout to get done, it would have to be advantageous for the Bulls.

“It can’t be something the player wins because that’s what he wants. We have to do what’s in our best interest,” Paxson said. “We want to work with Dwyane because we respect [him] very much. If he doesn’t want to be here, then we want to do [a buyout]. But again, the bottom line is always – and it has to be – that we have to do what’s in our best interest.”

The Bulls remain well below the salary floor at this point, so it’s not as if the club needs to save money in negotiations with Wade in order to put that money toward another signing. However, as K.C. Johnson of The Chicago Tribune notes (via Twitter), if Wade gives a certain amount of his salary back, it could allow the Bulls to re-sign Nikola Mirotic and still have enough cap space to go out and acquire an unwanted contract in a trade, getting a young player or a pick as a sweetener for their willingness to take on salary.

Wade is currently on track to earn $23.8MM in 2017/18. We’ll see whether he’s open to giving up a significant portion of that money to hit the free agent market sooner rather than later, or if he’s happy to play out the majority of the season in Chicago, eventually forcing the team’s hand.