Hoops Rumors is breaking down the 2017 offseason for all 30 NBA teams, revisiting the summer’s free agent signings, trades, draft picks, departures, and more. We’ll evaluate each team’s moves from the last several months and look ahead to what the 2017/18 season holds for all 30 franchises. Today, we’re focusing on the Chicago Bulls.
Signings:
- Cristiano Felicio: Four years, $32MM.
- Nikola Mirotic: Two years, $25MM. Second-year team option.
- Justin Holiday: Two years, $9MM.
- Antonio Blakeney: Two-way contract. Two years, $50K guaranteed for each season.
- Ryan Arcidiacono: Two-way contract. One year. $50K guaranteed.
Camp invitees:
- Diamond Stone: Two years, minimum salary. $50K guarantee. (Waived)
- Bronson Koenig: One year, minimum salary. Exhibits nine and 10. (Waived)
- Jaylen Johnson: One year, minimum salary. Summer contract. (Waived)
- Jarell Eddie: One year, minimum salary. Summer contract. (Waived)
Waiver claims:
- Claimed David Nwaba off waivers from the Lakers.
- Claimed Kay Felder off waivers from the Cavaliers.
Trades:
- Acquired Zach LaVine, Kris Dunn, and the draft rights to Lauri Markkanen (No. 7 pick) from the Timberwolves in exchange for Jimmy Butler and the draft rights to Justin Patton (No. 16 pick).
- Acquired cash ($3.5MM) from the Warriors in exchange for the draft rights to Jordan Bell (No. 38 pick).
- Acquired Quincy Pondexter, the Pelicans’ 2018 second-round pick, and cash ($2.5MM) from the Pelicans in exchange for the draft rights to Ater Majok.
Draft picks:
- 1-7: Lauri Markkanen — Signed to rookie contract.
Departing players:
- Jimmy Butler
- Isaiah Canaan (waived)
- Michael Carter-Williams
- Joffrey Lauvergne
- Anthony Morrow
- Rajon Rondo (waived)
- Dwyane Wade (bought out)
Other offseason news:
- Hired Doug Collins as senior advisor of basketball operations.
- As a result of a punch thrown by Bobby Portis, Nikola Mirotic expected to be out until late November with facial injuries; Portis suspended for eight games.
- Cameron Payne out until at least December with a foot injury.
Salary cap situation:
- Operating over the cap, but can create more than $17MM in cap room if necessary. Carrying approximately $81.4MM in guaranteed team salary. Portion of mid-level exception ($3.79MM) and full bi-annual exception ($3.29MM) still available.
Check out the Chicago Bulls’ full roster and depth chart at RosterResource.com.
Story of the summer:
With mounting pressure to commit to an inevitable rebuild, the Bulls finally opted to ship lone star Jimmy Butler westward for a handful of intriguing young building blocks.
To say that Chicago fans have grown skeptical that Gar Forman and John Paxson are the men to lead them into the next great era of Bulls basketball is an understatement. Nevertheless, the executive team has accepted the ambitious task and attempted to make the most of a less-than-stellar chapter in franchise history.
While the Bulls may be a way off from their next postseason appearance, we can give the organization credit for hopping off the treadmill of mediocrity. Baby steps, people.