Chicago Bulls Rumors | Hoops Rumors

Bulls Sign Holiday To Two-Year Deal

July 10th, 2017 at 5:01pm CST by Austin Kent

JULY 10th, 5:01pm: The signing is official, according to a team press release.

JULY 2nd, 9:17pm: The Bulls have agreed to sign shooting guard Justin Holiday to a two-year, $9MM deal, Shams Charania of The Vertical tweets.

The 3-and-D specialist had been previously linked to the Timberwolves and Knicks but settled on the team that he played for in the latter half of the 2015/16 campaign.

In 82 games with New York last season, the 28-year-old posted a career high of 7.7 points per. He’ll slot in to a Bulls team that looks considerably different than the one he left in 2016.

These days, gone are organization cornerstones Tom Thibodeau and Jimmy Butler, replaced by Fred Hoiberg and – as of the 2017 NBA Draft – a roster in the midst of a rebuild.

Clippers Sign Milos Teodosic

July 10th, 2017 at 3:27pm CST by Arthur Hill

JULY 10, 3:27pm: Teodosic has officially signed his contract with the Clippers, according to a tweet sent out by his agency.

JULY 6, 1:44pm: European point guard Milos Teodosic has reached an agreement with the Clippers, tweets Adrian Wojnarowski of ESPN.com. It will be a two-year, $12.3MM contract with a player option on the second season (Twitter link).

Several teams have been in competition for the 30-year-old, who is considered to be one of the top players outside the NBA. He was reportedly seeking a three-year deal worth $25MM to $30MM, but his new contract is substantially less, at least in the first season.

The Heat, Kings, Nuggets, Jazz, Nets, Bulls and Timberwolves were among the other teams that expressed interest. Minnesota offered its room exception, but understood that he could get more money elsewhere, tweets Darren Wolfson of 5 Eyewitness News. Brooklyn decided that Teodosic’s defensive shortcomings made him a poor candidate for big money or big minutes, according to NetsDaily (Twitter link).

A star with Serbia at the 2016 Olympics, Teodosic made his current team, CSKA Moscow, one of the best in the Euroleague. He has averaged 16.1 points per game over the past two seasons and 6.5 assists over the last three. The Russian squad was hoping to keep him, but admitted that it couldn’t compete financially with NBA teams.

Teodosic’s signing may end the Clippers’ interest in Derrick Rose, who met with the team on Wednesday. With Patrick Beverley and Lou Williams already on the roster, there doesn’t seem to be any room for Rose.

NBA Teams With Cap Room Remaining

July 10th, 2017 at 11:08am CST by Luke Adams

We’re only on the 10th day of the NBA league year, but already, the number of teams with cap room still available is dwindling.

Clubs without cap room remaining could create space at some point — the Knicks, for instance, used the last of their cap room to finalize Tim Hardaway‘s offer sheet, but may try to clear salary by trading Carmelo Anthony and/or Courtney Lee. For now though, only a handful of teams have a useful amount of cap space left.

Those teams with cap room are listed below, along with an informal breakdown of what their situation looks like. Many deals haven’t yet been finalized, so these figures our based on our projections, with the help of information from Basketball Insiders and HeatHoops.

Teams with cap room remaining:

Atlanta Hawks: With agreed-upon deals for Mike Muscala and Tyler Dorsey not yet official, the Hawks retain about $18-19MM in cap room. And that’s not counting whatever amount of money Jamal Crawford was willing to give up in his buyout, so that figure may creep a little higher.
Brooklyn Nets: The Nets remain in a holding pattern with Otto Porter, but after he officially moves over to the Wizards’ books and Brooklyn completes its trade for DeMarre Carroll, the team should have about $16-17MM in cap room. The Nets could create a little more space by waiving one or more non-guaranteed players.
Denver Nuggets: Once the Nuggets’ signing of Paul Millsap becomes official, the team won’t have much cap flexibility left, though that could change if Mike Miller is waived and/or Mason Plumlee is renounced. If both of those players remain on the cap, Denver will only have about $2MM in room. If they move on from both players, the Nuggets could get up to about $11MM+ in space.
Indiana Pacers: Assuming the Pacers stretch Monta Ellis‘ salary, as has been reported, they should have in the neighborhood of $7-8MM in remaining cap room, even after finalizing the acquisitions of Darren Collison, Bojan Bogdanovic, and Cory Joseph.
Los Angeles Lakers: The Lakers have approximately $17MM in cap room left, though they’d have to renounce their remaining unrestricted free agents to make use of all that space.
Orlando Magic: The Magic could have retained their exceptions and cap holds and stayed over the cap, but it looks like they’re operating under the cap, signing Shelvin Mack with room instead of the mid-level exception. Orlando doesn’t have much space available, but could get up to $8MM+ in room by waiving C.J. Watson, and could increase that number a little more by cutting other non-guaranteed players.
Philadelphia 76ers: The Sixers’ remaining cap room will depend on the exact numbers for J.J. Redick and Amir Johnson, but it figures to be in the neighborhood of $16-17MM.
Phoenix Suns: Alex Len‘s $12MM+ cap hold is a significant factor in the Suns’ remaining cap room. If they were to renounce Len, the Suns could get up to about $23MM in room, with the ability to create even more by waiving non-guaranteed contracts. However, if they keep Len on the books, Phoenix’s cap room is below $11MM, and will be reduced further when Alan Williams‘ new deal becomes official.
Sacramento Kings: Deals for George Hill, Zach Randolph, Vince Carter, and Bogdan Bogdanovic will use up most of the Kings’ space, but the team should still have room in the $8-10MM range after those signings become official.

Teams that went under the cap, but have used all (or virtually all) of their room:

Boston Celtics
Miami Heat
Minnesota Timberwolves
New York Knicks

These teams went below the cap this summer to accommodate big-money moves. In some cases, those deals aren’t yet official, but when they’re finalized, they’ll eliminate any cap room these teams have left. A couple of these clubs have already committed their room exception to certain players, with the Celtics on track to sign Aron Baynes and the Wolves lining up a deal with Jamal Crawford.

Teams that are operating over the cap, but could create some cap room:

Chicago Bulls
Dallas Mavericks
Utah Jazz

These teams are currently operating as over-the-cap clubs in order to retain their full mid-level, bi-annual, and trade exceptions, but there could be scenarios in which it makes more sense to renounce those exceptions and dip below the cap.

In the Bulls’ and Mavs’ cases, it would likely only happen if they don’t retain top RFAs (Nikola Mirotic and Nerlens Noel, respectively). Meanwhile, the Jazz could only create up to about $12MM in room if they were to waive their non-guaranteed contracts and wait to sign Joe Ingles.

Note: Items on Indiana Pacers and Orlando Magic were edited after publication to adjust figures.

Hoiberg, Bulls Not Expecting Dwyane Wade Buyout

July 10th, 2017 at 8:40am CST by Luke Adams

Shortly after Dwyane Wade committed to picking up his $23.8MM option for the 2017/18 season, the Bulls decided to rebuild their roster, trading Jimmy Butler and cutting Rajon Rondo. While Wade is the last player standing out of Chicago’s “three alphas” from last season, no buyout is imminent, and head coach Fred Hoiberg doesn’t believe one is coming, writes Nick Friedell of ESPN.com.

“As of right now, no. I don’t see that,” Hoiberg said of a possible Wade buyout.

Hoiberg’s stance on the matter echoes that of executive VP John Paxson, who addressed the issue in a press conference last month when the team introduced its newly-acquired players from the Butler deal. Asked about a buyout, Paxson said that any arrangement with Wade “would absolutely have to benefit” the franchise.

As Friedell notes, there’s a “widespread belief” among team officials that Wade won’t be willing to give up enough of his $23.8MM salary to make a move worthwhile for the Bulls. It’s possible that the two sides explore that possibility later in the offseason, or after February’s trade deadline, but Hoiberg indicated he’d like to see Wade stick around and provide veteran leadership for a team that has gotten younger this offseason.

“Dwyane, he’s going to have an important role on this team as a mentor,” Hoiberg said. “He’s going to obviously play for us and hopefully play well. And take the role of leadership; it’s going to be very important with him.”

Central Notes: Pistons, Felder, Mirotic

July 9th, 2017 at 5:57pm CST by Austin Kent

There’s little doubt that the Pistons will benefit in the short-term from bringing Avery Bradley in as a replacement for the much costlier Kentavious Caldwell-Pope but make no mistake, Bob Wojnowski of the Detroit News writes, they’re taking a big risk.

While Bradley is further along in his development as a perimeter stopper and boasts a more capable offensive game, the Pistons gave up considerable long-term security knowing that Bradley will hit the market as an unrestricted free agent next summer.

Essentially, Wojnowski adds, the Pistons were ready to shake things up and move on from the 24-year-old Caldwell-Pope but in doing so expose themselves to a greater threat of ultimately losing Bradley for nothing. Considering the upside after a stagnant 2016/17, it’s a gamble that a team in Detroit’s position couldn’t turn down.

There’s more from the Central Division:

The Cavaliers have brought in Jose Calderon to man their backup point guard position but that doesn’t mean Kay Felder is entirely out of the running, Joe Vardon of Cleveland.com writes. “Whoever plays the best will play,” Cavs coach Tyronn Lue said. “It’s not like Kay is out of it. He’s just got to continue to grow, get better, and he’s going to continue to get better.“
A panelist of Bulls writers discussed the prospect of restricted free agent Nikola Mirotic returning to Chicago, with ESPN’s Nick Friedell ultimately saying that the Bulls may have a pre-established limit to how much they’ll spend to retain the big man’s services and if he can land that from another organization, they’ll let him leave.
A solid performance in the Orlando Summer League helped Eric Moreland land a job as the No. 3 center for the Pistons. “I think he’s an active big that really understands pick-and-roll defense,” Pistons associate head coach Bob Beyer told Keith Langlois of Pistons.com.

Bulls Pull Qualifying Offer For Joffrey Lauvergne

July 8th, 2017 at 10:39pm CST by Arthur Hill

The Bulls have rescinded their qualifying offer to Joffrey Lauvergne, tweets Shams Charania of The Vertical. The move makes him an unrestricted free agent, and Charania notes that several teams are already expressing interest.

The qualifying offer was $2,137,149 and Lauvergne had a $3,248,466 cap hold, so Chicago frees up a little bit of money by letting him go.

The Bulls acquired the third-year center/forward from Oklahoma City in a trade at the February deadline. He played 20 games with Chicago, averaging 4.5 points and 3.4 rebounds in about 12 minutes per night.

Lauvergne was selected by Memphis with the 55th pick in 2013 and was traded to Denver on draft night. He spent two years with the Nuggets before being dealt to the Thunder in 2016. He earned a little more than $1.7MM last season.

Sixers Sign Amir Johnson

July 8th, 2017 at 6:57pm CST by Arthur Hill

JULY 8, 6:57pm: Johnson’s signing is official, the Sixers announced in an email.

JULY 1, 6:25pm: The Sixers and Celtics discussed a sign-and-trade involving Jahlil Okafor for Johnson, but the deal never materialized, Wojnarowski said on ESPN’s televised coverage of free agency.

5:09pm: Amir Johnson will join the Sixers on a one-year, $11MM deal contract, tweets Adrian Wojnarowski of ESPN.com.

The 11-year veteran started 77 games for the Celtics this season, averaging 6.5 points and 4.6 rebounds per night. He made $12MM this year in the final season of a two-year contract.

There had been rumors that the Celtics were interested in a sign-and-trade with the Sixers involving Johnson, but this appears to be a straight free-agent signing.

The Bulls, Raptors and Rockets also expressed interest in Johnson, and all three teams had meetings with him scheduled for today.

RFA Rumors: Mirotic, Noel, Simmons, Green

July 6th, 2017 at 5:06pm CST by Luke Adams

A handful of restricted free agents have made out well so far this year on the open market. Tony Snell, Joe Ingles, Cristiano Felicio, and Andre Roberson got lucrative new multiyear deals from their respective clubs, and Otto Porter reportedly has a maximum salary offer sheet in place with the Nets, though the Wizards have yet to receive it.

Still, there are a number of RFAs still on the market as league-wide cap room begins to dwindle. Sean Deveney of The Sporting News takes a closer look at six big-name RFA still seeking a new contract, so let’s dive in and round up the highlights…

Prior to free agency, rival executives estimated that Nikola Mirotic would seek something in the range of $20MM annually. However, the Bulls‘ power forward may have to settle for something closer to $12MM per year, according to Deveney, who notes that team owner Jerry Reinsdorf has played “hardball” in these situations in the past.
Deveney predicts that the Mavericks and Nerlens Noel will eventually negotiate a deal in the four-year, $85MM range.
The Spurs are expected to match reasonable offers for Jonathon Simmons, which could mean something in the range of $30MM over three years, per Deveney. The Kings and Knicks have expressed interest in Simmons.
Grizzlies RFA JaMychal Green has drawn some interest from the Bulls and he may be a backup plan for the Spurs depending on what happens with Simmons, says Deveney, adding that Memphis still wants to retain Green.
Bojan Bogdanovic‘s price tag is “quickly dropping,” according to Deveney. The Wizards RFA was believed to be seeking something in the range of $50MM over three years, but that doesn’t seem realistic at this point. The Kings may be Bogdanovic’s best bet if they don’t land another small forward, writes Deveney.

Bulls Sign Lauri Markkanen To Rookie Contract

July 5th, 2017 at 3:34pm CST by Luke Adams

The Bulls have made it official with first-round pick Lauri Markkanen, announcing today in a press release that they’ve signed the former Arizona big man to his rookie contract.

Markkanen, this year’s seventh overall pick, was acquired by the Bulls from the Timberwolves in the Jimmy Butler blockbuster, heading to Chicago along with Kris Dunn and Zach LaVine in exchange for Butler and the 16th overall pick (Justin Patton).

Markkanen’s new deal, which will feature two guaranteed years followed by two team options, figures to pay him $3.822MM in year one, and about $20.39MM over the full four years, as our rookie scale chart shows. Those figures assume he signed for 120% of the rookie scale amount, which virtually every first-rounder does.

Assuming he plays out his full deal, Markkanen will be eligible for an extension in the 2020 offseason, and could become a restricted free agent in 2021 if he doesn’t re-up the year before.

Free Agency Notes: Freeland, Bogdanovic, Millsap

July 3rd, 2017 at 11:43am CST by Luke Adams

Former Trail Blazers big man Joel Freeland has engaged in talks with NBA teams and could make a comeback after spending the last two seasons playing international ball, reports Chris Haynes of ESPN.com (Twitter link).

Freeland, 30, was a first-round pick way back in 2006 and joined the Blazers six years later for the 2012/13 season. However, his stint with the team lasted just three years — he appeared in 151 regular season games for Portland before heading back overseas and playing for CSKA Moscow for the last two seasons. He’s now a free agent.

Here’s more on free agency from around the NBA:

A league source tells Chris Miller of CSN (Twitter link) that Wizards RFA Bojan Bogdanovic is believed to be seeking a three- or four-year deal worth $16MM annually. That sort of money may have been available for a player like Bogdanovic in free agency a year ago when nearly every team had cap room, but I really don’t see him getting an offer in that range this time around.
Paul Millsap tells Chris Vivlamore of The Atlanta Journal-Constitution (Twitter link) that the Hawks never formally offered him a contract. New Atlanta GM Travis Schlenk never sounded overly enthusiastic about making a competitive offer for Millsap, who committed to the Nuggets on Sunday night.
The Warriors still have their $5.192MM mid-level exception available, but Tim Kawakami of The San Jose Mercury News (Twitter link) is skeptical that the team will use it to sign a single player, suggesting the Dubs are more likely to split it up among multiple players — if they use it at all.
If the Bulls are serious about going all-in on their rebuild, it might make sense to let RFA forward Nikola Mirotic walk in an effort to downgrade next year’s roster and improve the team’s chances at a top-five pick, writes Joe Cowley of The Chicago Sun-Times.