Chicago Bulls Rumors | Hoops Rumors

Bulls Sign Nikola Vucevic To Three-Year Extension

June 28th, 2023 at 3:12pm CST by Luke Adams

3:12pm: The Bulls have issued a press release officially announcing Vucevic’s extension.

“During his time in Chicago, Nikola has proven that he is a special player both on and off the court,” executive VP of basketball operations Arturas Karnisovas said in a statement. “He has produced at an elite level since we acquired him and will remain an integral part of our foundation moving forward. Nikola’s willingness to do whatever is asked of him to help us win, while also being an established veteran leader for our group, makes him a valuable component of the culture of our organization. He is a consummate professional and tremendous teammate, which plays a big role in making us an attractive destination for other players. We are excited to have him continue to be part of our journey.”

2:42pm: The Bulls and Nikola Vucevic are nearing an agreement on a three-year, $60MM contract extension that would keep the veteran center off the free agent market, reports Shams Charania of The Athletic (Twitter link).

Vucevic, 32, was acquired by the Bulls at the 2021 trade deadline in a deal with Orlando. Since arriving in Chicago, he has averaged 18.2 points, 11.1 rebounds, and 3.3 assists per game with a .492/.342/.812 shooting line in 181 total regular season appearances (33.2 MPG).

Vucevic isn’t an elite defender, but he’s a talented scorer and rebounder who has been remarkably consistent during his first two full seasons with the Bulls — he averaged 17.6 PPG, 11.0 RPG, and 3.2 APG in both 2021/22 and ’22/23.

Like fellow big man Naz Reid, Vucevic had been extension-eligible this season, so he didn’t have to wait to reach the open market this weekend if his goal was to re-up with his current team.

The Bulls were considered a good bet to reach a new deal with Vucevic before or during free agency for multiple reasons. For one, their guaranteed contracts and the cap holds for restricted free agents Coby White and Ayo Dosunmu would almost certainly make them an over-the-cap team with or without Vucevic on the books, so they wouldn’t have had a clear path to replace him at the same salary slot if they’d let him walk.

There has also been a sense, as Jake Fischer of Yahoo Sports wrote today, that Chicago didn’t love the idea of letting Vucevic go after paying such a steep price to acquire him from the Magic two years ago. That trade netted Orlando a pair of lottery picks – Franz Wagner and Jett Howard – in addition to young center Wendell Carter.

Assuming they officially finalize an extension with Vucevic by the June 30 deadline, the Bulls can shift their focus to free agency, where they’re expected to re-sign guards White and Dosunmu, according to Fischer. A new deal for unrestricted free agent Patrick Beverley is also a possibility, Fischer adds.

The Bulls project to be about $27MM below the luxury tax line after signing Vucevic, tweets ESPN’s Bobby Marks, though that estimate could vary depending on the exact structure of Vucevic’s extension, as well as Andre Drummond‘s player option decision. Once he officially signs, Vucevic will become ineligible to be traded for six months.

Meanwhile, an already-thin group of free agent centers will take another hit with both Vucevic and Reid off the market. Jakob Poeltl and Brook Lopez are the headliners at the position, with veterans like Mason Plumlee and Dwight Powell among the solid second-tier targets for teams in need of size. However, there aren’t a lot of reliable veterans available beyond those top few guys.

Trade Rumors: LaVine, Garland, Rockets, Clippers, Blazers, Bucks

June 28th, 2023 at 11:38am CST by Luke Adams

The Bulls have engaged with “several” teams about the possibility of a Zach LaVine trade this offseason, but haven’t gotten serious about moving the high-scoring guard, reports Jake Fischer of Yahoo Sports.

As Fischer explains, LaVine’s pricey long-term contract will make potential trade partners wary about giving up a substantial package of players and draft picks, but the Bulls would be seeking a return that far outweighs what Washington got for Bradley Beal last week.

Fischer names the Knicks and Mavericks as possible teams to watch for LaVine, but immediately throws cold water on the likelihood of either club emerging as a legitimate suitor in the near future. New York seems to be taking a more patient approach to building its roster, according to Fischer, who adds that Dallas was viewed as a more serious threat for LaVine before acquiring Kyrie Irving as a co-star for Luka Doncic.

Here are a few more trade-related notes and rumors from around the NBA:

Despite some speculation to the contrary, the Cavaliers haven’t had any discussions about trading Darius Garland and have no intention to move the All-Star point guard, sources tell Chris Fedor of Cleveland.com (Twitter link). The Cavs appear focused on pursuing roster moves that don’t involve trading any of their four cornerstone players (Garland, Donovan Mitchell, Evan Mobley, and Jarrett Allen).
In addition to Kenyon Martin Jr., the Rockets have gauged potential trade interest in young players like Usman Garuba and Josh Christopher, sources tell Fischer.
Norman Powell and Marcus Morris have both been mentioned in recent days as trade candidates. According to Fischer, the Clippers have been canvassing the league to see what a package of both players might return.
No clear suitors have emerged for guard Anfernee Simons, who looks like the Trail Blazers‘ most obvious trade chip, says Fischer. According to Fischer, the Blazers and Cavaliers had some brief talks about Nassir Little prior to the draft, but didn’t gain any real traction toward a deal.
ESPN’s Zach Lowe said on the latest episode of his Lowe Post podcast that the Bucks had some “relatively serious” internal conversations about John Collins before he was dealt to Utah. “I do think Milwaukee is looking around for, like, ‘Can we get a little injection of randomness? (An) injection of, like, bounce and athleticism, and just change?'” Lowe said. “Maybe just change more than anything else. But I don’t think (the Collins interest) went anywhere serious.”

Cameron Johnson, Coby White Among Players Receiving QOs

June 28th, 2023 at 7:28am CST by Luke Adams

A series of players have been issued qualifying offers by their respective teams, making them restricted free agents, according to RealGM’s official NBA transaction log.

Nets forward Cameron Johnson and Bulls guard Coby White are among the most notable QO recipients within the last couple days. Johnson’s qualifying offer is worth $8,486,620, while White’s is worth $7,744,600.

For many restricted free agents, qualifying offers essentially function as placeholders, giving the team the right of first refusal on the player as long as that QO remains on the table.

It’s also a one-year contract offer that the player is free to accept at any time, which is a more viable route for some RFAs than others — Johnson, for instance, looks like a safe bet to secure a lucrative multiyear deal, so it would be a major surprise if he simply accepted his $8.5MM qualifying offer.

Besides Johnson and White, here are some of the players who have received qualifying offers this week and are now restricted free agents, per RealGM:

Ayo Dosunmu, Bulls ($5,216,324)
Jock Landale, Suns ($2,219,706)
- Note: This is a projected amount. Landale’s QO will be worth $200K more than his minimum salary.
Trent Forrest, Hawks (two-way)
Terry Taylor, Bulls (two-way)
Collin Gillespie, Nuggets (two-way)
Jack White, Nuggets (two-way)
Kendall Brown, Pacers (two-way)
Moussa Diabate, Clippers (two-way)
Saben Lee, Suns (two-way)

The deadline for teams to issue qualifying offers is Thursday, so we’ll likely get many more updates on QOs being extended to players today and tomorrow.

Stein’s Latest: Reid, Spurs, Pistons, Johnson, Rose, Porzingis, Jazz

June 26th, 2023 at 8:32pm CST by Dana Gauruder

The Spurs were among the teams who were interested in signing Timberwolves big man Naz Reid before he agreed to a three-year, $42MM extension, Marc Stein reports in his latest Substack article.

San Antonio was seeking a veteran center to ease the burden on No. 1 pick Victor Wembanyama during his rookie season. However, the Spurs may have only planned to offer Reid a one-year deal.

The Mavericks were among the teams with the full $12.4MM mid-level exception available who were known to have interest in Reid, Stein adds.

Here are some more tidbits from Stein:

The Pistons’ interest in Nets restricted free agent Cameron Johnson, which has previously been reported by Stein, is genuine, he reiterates. There’s rising belief around the league that he’s their No. 1 free agent target, even though the Nets have the right to match. Detroit is projected to have over $30MM in cap space.
The Suns, Bucks and Bulls have been mentioned as potential landing spots for Derrick Rose, according to Stein. The Knicks declined to pick up their $15.6MM option on Rose for next season. However, Rose’s time in New York isn’t necessarily over — the Knicks may re-sign him at a lower number if his other options don’t pan out, Stein says.
If Kristaps Porzingis had chosen to decline his player option, the Jazz were prepared to make offer for more money than the Celtics can give him via a two-year, $77MM extension, per Stein. They were also interested in being the third party to facilitate the trade between the Wizards and Celtics. Boston was Porzingis’ preferred destination, however.

Bulls' Talks Involving LaVine, DeRozan Were "Due Diligence"

June 24th, 2023 at 2:53pm CST by Luke Adams

Joe Cowley of The Chicago Sun-Times hears that the Bulls discussed Zach LaVine and DeMar DeRozan with “multiple” teams leading up to the draft, but he describes those talks as mere due diligence rather than anything substantial.

Bulls Notes: Ball, Free Agency, White, Dosunmu, Jordan

June 23rd, 2023 at 1:24am CST by Alex Kirschenbaum

It doesn’t appear that the Bulls will be getting their starting point guard Lonzo Ball back anytime soon. In remarks made to reporters after Thursday’s draft, team president Arturas Karnisovas poured cold water on the idea that he could return to the hardwood in 2023/24 at all.

“Going into the offseason, our [expectation] is that he’s not coming back next season,” Karnisovas said, tweets Darnell Mayberry of The Athletic.

Since agreeing to a four-year, $80MM sign-and-trade deal with Chicago in the summer of 2021, Ball has appeared in a grand total of 35 contests for his new team.

If he so chooses, Karnisovas could opt to file for a disabled player exception. The exception would be worth half of Ball’s salary and would give the Bulls another tool to sign or trade for a replacement. It would only be granted if Ball is deemed more likely than not to remain sidelined through June 15, 2024.

There’s more out of the Windy City:

Speaking of free agency, Karnisovas indicated that he hopes to add more long range shooting to the Bulls’ spacing-challenged roster this summer, per K.C. Johnson of NBC Sports Chicago. “We’re trying to change our shooting profile,” Karnisovas said. “Being last in the league in rate from 3 and 3-point makes, we’re going to try to address that in the offseason.”
According to Johnson, Karnisovas also indicated that Bulls ownership is amenable to entering the luxury tax in pursuit of improvement, something the team has only ever done once. The Bulls’ president of basketball operations also suggested that Chicago would extend qualifying offers to guards Coby White and Ayo Dosunmu, making them restricted free agents. White showed significant strides at the end of the 2022/23 season, and makes sense to retain. Dosunmu, meanwhile, regressed considerably during his second season, to the point where he became virtually unplayable in Chicago’s two play-in contests this spring, suiting up for an average of 5.5 MPG.
With former Hornets majority owner Michael Jordan in the midst of selling the franchise, it’s high time he bought a stake in the team where he became a Hall of Famer, opines Jon Greenberg of The Athletic. Jordan intends to continue to hold a minority stake in Charlotte for now, but Greenberg argues that the former Chicago shooting guard could divest from the Hornets to buy a solid share of his old team. As Greenberg notes, nowhere is Jordan more beloved than in the city where he cemented his legend, winning six titles in eight seasons while being widely heralded as the greatest player ever.

LaVine’s Reps Don’t Want Him Traded To Knicks

June 22nd, 2023 at 10:55pm CST by Dana Gauruder

Zach LaVine‘s representative oppose a potential trade to the Knicks, Stefan Bondy of the New York Daily News reports.

The Bulls’ star swingman is represented by superagent Rich Paul of Klutch Sports, while the Knicks have a reputation of favoring clients of CAA, the agency that employed Leon Rose before he took over as New York’s president of basketball operations.

Paul has told confidants for over a year he prefers not to have a client play for the Knicks, according to former Knicks beat reporter Marc Berman (Twitter link). Cam Reddish‘s stint with the Knicks didn’t help matters, as he’s also represented by Klutch Sports. The frosty relationship between Rose and Paul developed during the LeBron James saga — Rose was James’ agent before switching to Klutch.

New York, which didn’t have a first-round pick in Thursday’s draft, has reportedly been seeking ways to acquire another star. LaVine would certainly upgrade their offense — he averaged 24.8 points and 4.2 assists. However, he also brings a huge long-term salary concern for would-be trade partners. He’s entering the second year of his five-year, $215,159,700 contract.

The Knicks can put together an impressive package of picks and young players if the right deal comes along. They were reportedly involved in negotiations with the Wizards for Bradley Beal. A source told Bondy that the Knicks were not having ongoing discussions with the Clippers regarding a potential trade for Paul George. The Knicks reportedly had interest in George, then reconsidered given his age and injury history.

Trade Rumors: Wizards, Morris, George, Bridges, Nets, Bulls

June 22nd, 2023 at 1:33pm CST by Luke Adams

Having agreed to acquire point guards Tyus Jones and Chris Paul in separate trades, the Wizards have begun talking to rival teams about Monte Morris, league sources tell Jake Fischer of Yahoo Sports. According to Fischer, Washington’s front office – which has already been very active this offseason – is telling potential trade partners that the team doesn’t want to take on any long-term money.

It remains to be seen what the Wizards have in mind for Paul. Adrian Wojnarowski of ESPN (YouTube link) said during a TV appearance earlier this week that he doesn’t get the sense that Washington is trying to “bottom out” by going into full tank mode, suggesting he can envision a scenario where Paul is on next season’s roster. However, that was before the team agreed to acquire Jones.

According to Fischer, the Wizards and Suns are tentatively planning for the Bradley Beal trade call to take place on Friday. It’s unclear whether Paul will be flipped to a new team as part of that deal or whether Washington’s three-team trade with Boston and Memphis might be folded into the same transaction.

Here are a few more trade rumors from around the NBA:

Andrew Greif and Broderick Turner of The Los Angeles Times provide a little more context on the recent Paul George trade rumors, suggesting that the Knicks initiated talks with the Clippers but are hesitant to pursue the star forward, who may seek an extension when he becomes eligible this offseason. There’s a sense that George’s value might not be as high as the Clippers would like, given his injury history and his contract situation, per The Times’ duo. A previous report indicated he’s unlikely to be dealt.
Rising star Mikal Bridges tells Brian Lewis of The New York Post that he has been informed by the Nets that they have no interest in trading him. The team has conveyed that stance both publicly and privately, according to Lewis. “As of right now they’re saying they’re not, but I think just being a good person kind of helps with that, because there’s just like you don’t want to lose a person like that, which is always a good quality to have,” Bridges said. “So, [I feel] just blessed, man; just blessed and very appreciative for that. And that just does show that love, honestly.”
In addition to offering four first-round picks for Bridges at the trade deadline, the Grizzlies are also said to have targeted Magic forward Franz Wagner in recent months, Fischer reports. Fischer refers to the team’s decision to surrender a pair of first-rounders for Marcus Smart as a “middle-ground” move after those more ambitious pursuits didn’t pan out.
While it doesn’t sound like Bridges will be going anywhere this offseason, the futures of fellow Nets forwards Dorian Finney-Smith and Royce O’Neale remain uncertain. According to Fischer, Brooklyn is seeking a first-round pick in return for O’Neale and wants a pick and a player for Finney-Smith.
It may end up being a quiet draft night for the Bulls, who don’t currently have a pick, but they’re still exploring ways to acquire a first-rounder, reports Joe Cowley of The Chicago Sun-Times. In other Bulls news, Cowley hears from sources that free-agent-to-be Nikola Vucevic may be willing to give Chicago a “hometown discount” on a new multiyear contract. The big man made $22MM this past season.

Bulls’ Derrick Jones Jr. Declining 2023/24 Player Option

June 21st, 2023 at 5:46pm CST by Rory Maher

Bulls forward Derrick Jones Jr. plans to decline his player option for 2023/24 to become an unrestricted free agent, sources tell Shams Charania of The Athletic (Twitter link).

Jones signed a two-year, $6.56MM contract with Chicago last summer that includes an opt-out decision after year one. His option for ’23/24 is worth a guaranteed $3.36MM.

The move comes as something of a surprise, as the 26-year-old told K.C. Johnson of NBC Sports Chicago in April that he planned to pick up the option to stay with the Bulls.

“Like I told coach (Billy Donovan) and everybody else, I’m locked in for two years. I didn’t sign for two years for no reason. So I’m here for two years,” Jones said. “I just gotta sit down with my agent and talk to him, figure things out. But I don’t see why not. I got no other plans, yet.”

As Jones implied at the end of that statement, plans can change, especially as players get closer to free agency. He must be confident he can exceed his option as a free agent — it’s worth noting that a seven-year veteran like Jones would earn a projected $2.7MM on a veteran’s minimum contract.

The Bulls have Jones’ Bird rights if they want to re-sign him to a new contract.

Jones appeared in 64 games for the Bulls this past season, averaging 5.0 points and 2.4 rebounds and shooting .500/.338/.738 in 14.0 minutes per night. With the exception of his three-point percentage, those numbers were all down from the ones he posted during his first year in Chicago in ’21/22.

In fact, Jones’ minutes, points and rebounds were all down when compared to his previous four seasons after becoming a rotation regular with Miami in ’18/19. The high-flying Jones is known as a strong, versatile defensive player, though he doesn’t provide much scoring or play-making on the other end.

Jones isn’t the only Bull with a $3.36MM player option for 2023/24. As our list of free agents by team shows, veteran center Andre Drummond will have to make a decision on an identical option.

We’re tracking all of this year’s player option decisions right here.

Trade Rumors: Lakers, Kuminga, Nets, LaVine, Raptors

June 21st, 2023 at 4:09pm CST by Luke Adams

There has been growing buzz in recent days that the Lakers are increasingly more likely to trade their first-round pick (No. 17) than to keep it, according to Jovan Buha of The Athletic. In his latest story, Buha explores all the possibilities in play for Los Angeles, including hanging onto the pick, trading out of the draft, or trading down.

As Buha writes, the idea of the Lakers packaging the No. 17 pick with Malik Beasley ($16.5MM team option) and/or Mohamed Bamba ($10.3MM) to acquire a starter-caliber player appears more viable than ever. League sources say that Pacers center Myles Turner and sharpshooter Buddy Hield, Nets wings Dorian Finney-Smith and Royce O’Neale, and Raptors guard Gary Trent Jr. are among the players who have been linked to the Lakers.

While it sounds less likely than trading down or out of the draft, Buha says the Lakers have at least considered the possibility of trying to move up from No. 17. Dereck Lively and Kobe Bufkin are among the prospects the club likes, a source tells The Athletic.

Here are more trade rumors from around the NBA:

Addressing a report from last week that suggested the Warriors have explored moving up in the draft using Jonathan Kuminga, Anthony Slater of The Athletic provides some additional context, writing that rumor stemmed from an inbound call from a lottery team that has long been interested in Kuminga. Multiple sources tell Slater that Golden State isn’t shopping the young forward.
While the lottery team that called the Warriors about Kuminga is unknown, it’s worth noting that Slater uses the Pacers as an example in his discussion of that scenario. Additionally, when ESPN updated its mock draft on Wednesday (subscription required), Jonathan Givony added Kuminga to the list of forwards the Pacers may explore acquiring via trade.
In the latest episode of The Lowe Post podcast (YouTube link), ESPN’s Zach Lowe said the Nets‘ asking prices for forwards Dorian Finney-Smith and Royce O’Neale have been high. Brooklyn is seeking “real first-round pick equity” for those players, not just looking to move up a few spots in the draft, according to Lowe.
Despite reports that they’re gauging his trade market, the Bulls continue to value Zach LaVine very highly, according to K.C. Johnson of NBC Sports Chicago, who hears from one league source that the team would seek a good young player, multiple first-round picks, and salary filler if LaVine is moved. Another league source thinks a single first-rounder might be sufficient if the Bulls could get an “established, high-end” player back.
Toronto has been involved in a series of trade rumors so far this offseason, but a pair of sources who spoke to Michael Grange of Sportsnet.ca indicated that they wouldn’t be surprised if the Raptors don’t do anything drastic. “What I’m hearing now is they’re not going to trade from their core,” one source told Grange.