The Bulls and Nikola Mirotic ended their summerlong impasse by agreeing to a two-year, $27 million deal on the eve of training camp, sources tell CSNChicago.com.
Mirotic was a restricted free agent and was at risk of not being at Media Day Monday had he and the Bulls not come to an agreement, but the sides came away with a deal both will probably say is advantageous. Mirotic has a no-trade clause in the first year of the deal and the second season is a team option according to sources, preserving the big cap space the Bulls have when Dwyane Wade's $23.8 million contract comes off the books.
Mirotic and his representatives were looking for an offer sheet in the $16-17 million range when free agency first began, hoping the Bulls would match on what was expected to be a boom market.
But the boom went bust very quickly and free agent money dried up, leaving Mirotic with a $7.2 million qualifying offer the Bulls seemingly weren't budging from. But the Bulls reversed course, apparently relenting on the qualifying offer to sweeten the deal, which also helps the Bulls get to the salary floor for the coming season.
Mirotic's tenure with the Bulls has been tantalizingly frustrating after a promising finish to his rookie season in 2014-15. Unable to put together consistent stretches under Fred Hoiberg, there was question as to if Mirotic fit in the short-term plans, let alone the big picture as the Bulls are gearing up for a long rebuild.
But letting the 6-foot-10 Mirotic go was a little too much for the front office to stomach, as they appear to hold onto the slightest bit of hope Mirotic can develop into a versatile scorer without having the burden of big pressure around him. Unfortunate circumstances and injuries have played a part in Mirotic's inconsistencies, as he's played considerably better after the All-Star break in his three seasons.
If not, they can cut bait with Mirotic after the season and start over, yet again.