Chicago Bulls Rumors | Hoops Rumors

Bulls Will Extend Qualifying Offer To Lauvergne

June 28th, 2017 at 10:01pm CST by Arthur Hill

The Bulls plan to make a qualifying offer to Joffrey Lauvergne, tweets David Aldridge of TNT.

The third-year forward/center came to Chicago from Oklahoma City in a five-player deal at the February deadline. He averaged 4.5 points and 3.4 rebounds in 20 games with the Bulls.

The 6’11” French native was picked 55th overall in the 2013 draft and traded to the Nuggets on draft night. He spent two years there before being dealt to the Thunder. Lauvergne made a little more than $1.7MM this season.

Taylor: Wolves Wouldn't Have Done Butler Deal Without No. 16 Pick

June 28th, 2017 at 9:58am CST by Luke Adams

Appearing on The Scoop podcast with Darren Wolfson of 5 Eyewitness News, Timberwolves owner Glen Taylor said that the Bulls initiated talks related to Jimmy Butler, and added that the Wolves wouldn’t have made the deal if Chicago hadn’t included the No. 16 pick.

Bulls Notes: Wade, Butler, Team’s Direction

June 27th, 2017 at 8:41pm CST by marksuleymanov

The Bulls unveiled their return from last week’s Jimmy Butler trade as Zach LaVine, Kris Dunn, and seventh overall pick in this year’s draft, Lauri Markkanen, took the stage on Tuesday. Shipping out the so-called “face” of the franchise in Butler signaled a change in direction for the Bulls.

Despite making the postseason in eight of the last nine seasons, general manager John Paxson believes that the team is well prepared for rebuild with young talent, ABC News’ Andrew Seligman writes.

“I’m excited about what the environment in this building is going to be like going forward,” Paxson said. “I’m not worried about perception. We understand this could take time, it’s a process. But as long as these kids can play hard and compete our fans will appreciate them, and we’ll get better.”

Dunn is coming off an inconsistent rookie campaign; LaVine missed most of the second half of 2016/17 due to a torn ACL; and Markkanen is a heralded but unproven prospect. With decisions on veterans Rajon Rondo and Dwyane Wade looming, Chicago is poised to assemble a young team with potentially great upside.

Below are additional notes surrounding the Bulls:

Speaking of Butler, the now-former Bulls All-Star addressed his trade to the Timberwolves last week to Joe Cowley of the Chicago Sun-Times and vented some frustrations about the ordeal. The 27-year-old said being the “face” of the team “doesn’t mean a damn thing,” He also added that despite any label, he learned that ” eventually you’re going to see the back of his head as he’s leaving town, so no thanks.” Butler added that he is not mad at being traded but wishes some things went differently.
In a separate piece, Cowley writes that Wade came out a winner after the Butler trade. The three-time NBA champion picked up his $23.8MM player option for 2017/18 early and that gives him power. Cowley notes that Wade planned to press Bulls brass on a buyout if Butler was dealt and since that’s the case, Wade’s days with his hometown Bulls could be numbered

Bulls Notes: Wade, Rondo, LaVine, Butler

June 27th, 2017 at 3:58pm CST by Luke Adams

Now that Dwyane Wade has opted into the final year of his contract with the Bulls, the team doesn’t appear to have much interest in buying him out, as Nick Friedell of ESPN.com writes, Executive VP of basketball operations John Paxson told reporters today that the Bulls and Wade’s camp haven’t discussed a buyout for the veteran guard, and for the club to consider such a move, it would “have to be advantageous for us.” In other words, Wade would likely have to give back a significant chunk of his $23.8MM salary for the 2017/18 season if he wants out of Chicago.

Here are a few more Bulls-related notes:

At season’s end, the Bulls sounded committed to bringing back Rajon Rondo, whose contract for 2017/18 is mostly non-guaranteed. However, the team sounds less certain now, and Paxson said that decision is still being weighed. “We’re going to sit down with [Rondo’s agent] Bill [Duffy] and talk through [things],” Paxson said today, per Friedell. “We do understand that veterans are important for a young basketball team. The right veterans. The guys that are good teammates, are supportive of the young guys, and continue to teach them how to be pros. Those are things we’ll be addressing.”
While it’s possible the Bulls will cut Rondo and try to re-sign him at a lower number than his current $13MM+ salary, that looks like a long shot, tweets K.C. Johnson of The Chicago Tribune.
Zach LaVine, who was introduced as a Bull today, is optimistic about his rehab process, but doesn’t want to put an exact timetable on his return to the court, writes Friedell. “I’m going to be safe,” LaVine said. “The main thing is always being safe. And I always have to take care of myself and this franchise as well, so I’m going to be safe. I’m going to do everything I can physically to get back, and then when I’m at that point, I’m going to be ready.”
Shortly after he was traded to the Timberwolves, Jimmy Butler spoke to Joe Cowley of The Chicago Sun-Times. Although Butler said he wasn’t mad at the Bulls, he admitted he didn’t exactly love the way the franchise handled the process. “I guess being called the face of an organization isn’t as good as I thought,” Butler added. “We all see where being the so-called face of the Chicago Bulls got me.”

Bulls Won’t Tender QO To Michael Carter-Williams

June 27th, 2017 at 10:51am CST by Luke Adams

Michael Carter-Williams is eligible for restricted free agency this summer, but won’t be receiving a qualifying offer from the Bulls, according to David Kaplan of ESPN 1000 in Chicago (Twitter link). According to Kaplan, executive VP of basketball operations John Paxson confirmed the decision during an appearance on ESPN 1000.

Carter-Williams, the NBA’s Rookie of the Year back in 2013/14, has seen his usage and his production fall off since his days with the Sixers. After being acquired by Chicago in a preseason trade for Tony Snell last fall, Carter-Williams appeared in 45 games for the Bulls in 2016/17, averaging just 6.6 PPG, 3.4 RPG, and 2.5 APG on 36.6% shooting (18.8 minutes per game).

Although they won’t tender a qualifying offer to Carter-Williams, the Bulls still have multiple restricted free agents to focus on in the coming days. Nikola Mirotic, Cristiano Felicio, and Joffrey Lauvergne are also eligible to become RFAs, and are better bets than Carter-Williams to receive QOs.

Without a qualifying offer in hand, Carter-Williams is on track to become an unrestricted free agent this weekend. The 25-year-old’s QO would have been worth $4,187,598.

Pluto’s Latest: George, Love, Ingram, Butler

June 25th, 2017 at 8:59am CST by Arthur Hill

The Pacers want to make a Paul George deal while they can still get value, but they aren’t interested in taking back Kevin Love from the Cavaliers, according to Terry Pluto of Cleveland.com. Indiana is focused on getting young players and draft picks in return for its star forward, who has announced that he will opt out of his contract next offseason and has expressed a desire to return to his hometown of Los Angeles and play for the Lakers.

The Pacers proposed a deal to the Lakers involving Brandon Ingram, the No. 2 pick in last year’s draft. However, Magic Johnson, L.A.’s president of basketball operations, doesn’t want to part with Ingram, who averaged 9.4 points and 4.0 rebounds in 79 games as a rookie.

Pluto passes on several other tidbits in his latest column:

The Celtics could have as many as 10 first-rounders over the next three years and seem like a natural facilitator to take on Love and get George to Cleveland in a three-team trade. But an unidentified NBA executive tells Pluto the Celtics also want George and are more likely to deal with the Pacers directly.
The Bulls weren’t interested in Love either, which is why the Cavaliers had little chance of trading for Jimmy Butler. Chicago has gotten tired of being mediocre and is looking for young talent to start rebuilding around. However, Pluto says most of the league iwas “stunned” that the Bulls couldn’t get more than Zach LaVine, Kris Dunn and a swap of first-rounders in return for Butler. The Celtics reportedly offered a better package that included several future draft picks.
The Cavaliers are still waiting to hear if Chauncey Billups will accept their GM offer. Sources tell Pluto that Billups has been pursuing a GM job for more than a year, so it’s not clear why there’s a delay. Billups has never worked in an NBA front office, Pluto notes, so he would need to hire an experienced executive as an assistant. A top candidate is George David, a former assistant GM with the Pistons who has a background in scouting.

Lowe’s Latest: Butler, Nuggets, Wolves, Ibaka

June 23rd, 2017 at 1:18pm CST by Luke Adams

Before they accepted the Timberwolves‘ offer for Jimmy Butler, the Bulls canvassed the league in search of a more appealing offer, according to Zach Lowe of ESPN.com.

Lowe writes in his latest piece for ESPN that the Bulls spoke to the Suns about a package centered around Eric Bledsoe and the No. 4 overall pick, but the two sides never really got close. Chicago also had discussions with the Nuggets and Celtics, but Denver drew the line at including Jamal Murray in any potential deal, and Boston wouldn’t include the No. 3 pick, according to Lowe.

As Lowe notes, teams like the Suns and Nuggets had to consider the fact that Butler may not have re-signed with them in free agency in 2019 if they acquired him. Although Butler’s contract would give teams an extra year of control over someone like Paul George, the star forward might still have ultimately been a rental if he didn’t love where he ended up. That cooled the market somewhat, as the Bulls explored potential trade scenarios.

Here’s more from Lowe’s latest piece:

The Bulls were never entirely comfortable with the idea of Butler as their foundational player, says Lowe. A source tells ESPN that Butler’s bristling at Fred Hoiberg‘s instructions made some people on the team uncomfortable. Lowe suggests that Hoiberg’s calm personality wasn’t a good match for Butler, who requires a coach more like Tom Thibodeau.
At one point, the Timberwolves were intrigued by the possibility of pursuing Serge Ibaka in free agency, but their interest “has faded a bit,” according to Lowe, who adds that most teams expect Ibaka to re-sign with the Raptors.
The Lakers were dangling a future unprotected first-round pick to teams with cap room recently in an effort to move the Timofey Mozgov and Luol Deng contracts, per Lowe. The earliest first-round pick the Lakers could trade at this point is 2020’s selection, so it’s understandable that D’Angelo Russell appealed more to the Nets than a pick that far down the road.

Bulls Trade Jimmy Butler To Timberwolves

June 23rd, 2017 at 12:43am CST by Arthur Hill

JUNE 22, 8:58pm: The trade is now official, with commissioner Adam Silver announcing it during the TV broadcast of tonight’s draft. The Wolves used the No. 16 pick on Creighton’s Justin Patton to complete the deal.

6:44pm: The Timberwolves are set to acquire Bulls forward Jimmy Butler, with K.C. Johnson of The Chicago Tribune tweeting that the two sides have reached an agreement in principle on a Butler deal.

According to Johnson (via Twitter), the Bulls will receive Zach LaVine, Kris Dunn, and the No. 7 overall pick. The Wolves will also receive the No. 16 selection from Chicago. Marc Stein of ESPN.com (via Twitter) first reported that a deal was close.

The deal reunites Butler with Tom Thibodeau, his former coach in Chicago, who now serves as coach and president of basketball operations in Minnesota. Butler has been an All-Star the past three seasons and averaged 23.9 points and 6.2 rebounds with the Bulls this year.

The Timberwolves are taking on much more salary in the deal than they are unloading. They had about $24MM in available cap room after waiving Nikola Pekovic on Tuesday and receiving cap relief for his remaining salary.

Butler has three seasons left on the $95MM deal he signed with the Bulls in 2015. He is due to make nearly $18.7MM next year and more than $19.8MM in both 2018/19 and 2019/20. He also has a 5% trade bonus in his contract, tweets Bobby Marks of The Vertical, giving him an extra $1.8MM over the next three seasons.

In return, the Bulls will receive LaVine, a promising 22-year-old combo guard whose season ended in early February when he suffered a torn ACL in his left knee; and Dunn, the fifth overall pick last year. Both players are on rookie contracts and were discussed when the two teams talked about a Butler trade a year ago. Chicago will also land Lauri Markkanen, the seventh overall pick.

Photo courtesy of USA Today Sports Images.

Bulls Notes: Rebuild, Rondo, Mirotic, Wade

June 23rd, 2017 at 12:39am CST by Luke Adams

Bulls executives Gar Forman and John Paxson spoke to reporters late on Thursday night in the wake of the blockbuster trade that sent Jimmy Butler to Minnesota and signaled a full-scale rebuild in Chicago. As Nick Friedell of ESPN.com tweets, Paxson explicitly used the R-word (“rebuild”) in his comments.

As a result of the its new direction, the club will remain “patient and disciplined” this offseason, according to Paxson, who says the Bulls won’t be investing big money in players unless there’s a long-term fit (Twitter link via Friedell).

Here’s more on the Bulls:

Forman said tonight that it’s not yet clear whether the Bulls will pick up Rajon Rondo‘s option (Twitter link via Friedell). According to Sam Amick of USA Today (Twitter link), there has been no discussion yet of a buyout for Rondo, but it’s “clearly a possibility” after the Butler trade. Rondo’s contract has a built-in buyout, since it’s only guaranteed for $3MM right now, so the Bulls would have to waive him by June 30 to avoid being on the hook for another $10MM+.
Despite using the seventh overall pick on Lauri Markkanen, a stretch four, the Bulls intend to re-sign Nikola Mirotic as a restricted free agent, Paxson said (Twitter link via K.C. Johnson of The Chicago Tribune).
Although he won’t be thrilled to see Butler depart, Dwyane Wade is still picking up his player option for 2017/18, as Vincent Goodwill of CSNChicago.com tweets. Paxson suggested on Thursday night that if Wade had serious concerns about the team’s direction, he might not have exercised that option (Twitter link via Sam Smith of Bulls.com).
The Bulls believe newly-acquired Zach LaVine is ahead of schedule in his rehab from an ACL tear, but don’t yet know when he’ll get back on the court, tweets Friedell.
How did Butler react to Thursday’s deal? “He’s great,” a source close to the forward tells Goodwill (Twitter link). “He’s with Thibs now.” Butler’s agent, Bernard Lee, confirmed that his client “has definitely embraced the opportunity to look forward” (Twitter link via Jon Krawczynski of The Associated Press).

Warriors Acquire Jordan Bell From Bulls

June 22nd, 2017 at 10:49pm CST by Arthur Hill

10:49pm: The trade is now official, per the NBA.

10:27pm: The Bulls drafted Oregon’s Jordan Bell at No. 38 and will trade him to the Warriors, tweets Adrian Wojnarowski of The Vertical. Chicago will receive $3.5MM in return, the maximum amount allowable in a cash deal this season and a record amount for a draft pick.

Golden State is hoping to duplicate the success it had with Patrick McCaw, who was drafted 38th a year ago. Bell, a 6’9″ junior, was considered a possible first-round pick after a stellar junior season with the Ducks. He averaged 11.0 points, 8.7 rebounds and an impressive 2.3 blocks per game.

Chicago had waited several years to receive this selection from the Kings, but it turned into a second-rounder instead of a first due to protections. It was the last selection of the night for the Bulls, who came away from the draft with just Lauri Markkanen at No. 7.