The Bulls have finally agreed to a deal with draft pick Marquis Teague.
"It feels good to finally get it out of the way," Teague told the Chicago Tribune. "I just want to get in the gym and start working out."
Teague became the last first-round pick to sign his contract, but he will now be heading to Chicago to begin his workouts on Wednesday. However, the rookie won't be receiving his full 120 percent of the slotted amount.
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The signings of Kirk Hinrich and Marco Belinelli put the Bulls high in the cap at 74.307 million, resulting in Teague's contract and first-year salary to be lowered. He agreed to sign a deal for 100 percent of his first-year's salary, equaling out to 857,000.
The Tribune reports the following years of his contract are expected to return to the 120 percent slotted salary. The Bulls now have 13 players under contract.