The Bulls and Bobby Portis were unable to reach an agreement on a contract extension by today’s deadline, which will make the power forward a restricted free agent next offseason.
According to The Chicago Tribune’s K.C. Johnson, Portis’ agent Mark Bartelstein and Gar Forman had “lengthy face-to-face negotiations” on Monday prior to the deadline. The two sides weren’t able to come to an agreement.
The negotiations – and lack of a deal – come after a summer and training camp in which Portis continued to show progression. After beginning the preseason coming off the bench Portis quickly played his way into the starting lineup alongside rookie Wendell Carter Jr. Portis finished five preseason games averaging 17.0 points, 5.8 rebounds and 1.2 steals in just 22.4 minutes.
Portis, the 22nd pick of the 2015 NBA Draft, has seen his role increase each of his three seasons. He made a jump last season in Year 3, averaging 13.2 points and 6.8 rebounds in 22.5 minutes. He was one of three players, including DeMarcus Cousins and Kevin Love, to average 21 points, 10 rebounds and 1.5 3-pointers per 36 minutes.
Though the Bulls certainly had the room to sign Portis to an extension, there were obvious reasons on both sides to wait on a deal. For starters, the Bulls will still be able to match any deal Portis receives in free agency next July, much like what happened with Zach LaVine and the Sacramento Kings. The Bulls maintain their abundance of cap space for the 2019 offseason, when they’ll be able to offer a max contract to the top-tier free agents, and they get to see if Portis makes another jump.
For Portis, it’s a case of him betting on himself. If the Bulls came in with a number he wasn’t satisfied with – to help keep their max cap space – he now finds himself on a contract year playing for his next contract. Still only 23 years old, Portis should cash in in July.
Two players from Portis’ draft class were able to cash in. Pacers center Myles Turner signed a reported four-year, $80 million extension and Cavaliers forward Larry Nance Jr. agreed to a four-year, $45 million deal. Portis likely would have fallen somewhere in between those two deals had an agreement occurred.
The Bulls are hardly in an easy situation with Portis. Though they value the versatile power forward, Lauri Markkanen is entrenched at the position for the foreseeable future and the team just spent last year’s No. 7 overall pick on center Wendell Carter Jr. Portis realistically is stuck behind both those players, though he certainly has starting level NBA talent.