JULY 10: The signing is official, according to a team press release.
JUNE 30: Guard Jevon Carter is joining the Bulls on a three-year deal, ESPN’s Adrian Wojnarowski tweets. The Bulls are using a portion of their $12.4MM mid-level exception to secure Carter’s services.
Woj says the deal is worth $20MM, while Chris Haynes of TNT and Bleacher Report say it’s around $19MM (Twitter link), so there may be incentives within the deal. Chicago is now projected to be $9MM below the luxury tax and are hard-capped, ESPN’s Bobby Marks tweets. The Bulls are also $15MM below the first tax apron.
Carter is coming off a career year in which he appeared in all but one of Milwaukee’s regular-season games. The defensive-minded Carter started 39 of those games. Overall, he averaged 8.0 points, 2.5 rebounds and 2.4 assists.
Carter entered the free agent market by declining his $2.24MM option. Financially, it was obviously the right move for Carter, who now joins a seemingly crowded Bulls backcourt, depending on their other moves this offseason. Chicago has also reached an agreement with its own free agent guard, Coby White.