Deal Sealed: Chicago Bulls finalize in signing a Two-Year, $40 Million Contract with a veteran star

The Chicago Bulls are considered one of the biggest wild cards this summer but it’s likely that they run it back with their famed “big three.” According to The Athletic’s Darnell Mayberry, part of their plan could include re-signing their 34-year-old swingman DeMar DeRozan to a multi-year deal.

Mayberry stated, “The Bulls would be happy to re-sign DeRozan on a two-year deal.” “Obviously, DeRozan’s side would prefer greater security. The Bulls are known for generously adding player options to contracts, thus DeRozan’s agreement may also benefit from this practice.”

Report: Bulls offered DeMar DeRozan two-year deal worth up to $80 million,  he's pushing for more years - NBC Sports

The Bulls’ most reliable player last season was DeRozan, the ninth overall pick in 2009, who averaged 24.0 points, 5.3 assists, and 4.3 rebounds per game on 48.0% shooting. The Bulls may offer him a new contract worth up to $40 million over the course of two years.

“The dollar amount will be hefty, likely north of $40 million annually, but is less significant to the Bulls’ long-term flexibility. Chicago wants to keep DeRozan but at a reasonable commitment.”

The Bulls finished 9th in the East this season with a 39-43 record. Even with DeRozan and 2x All-Star Zach LaVine on the roster (who later requested a trade), they couldn’t make traction in the standings and without former UCLA star Lonzo Ball on the floor, they had no hope of maintaining an efficient offense.

The burden is on the Bulls to save current regime this summer, or at the very least take steps to raise their ceiling, as calls for a rebuild become more and more urgent. The Bulls might be able to make the playoffs if they can acquire some bench players and supporting skill, but as things stand right now, I don’t think they will ever be a real threat.


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