On the positive note, It seems Jimmy is locked
The Bulls fully expect to re-sign Jimmy Butler to a new maximum-salary deal in the summer, and they accept that the contract would put the club in position to pay the luxury tax, reports David Haugh of the Chicago Tribune. Bulls officials are planning a “proactive approach” to have Butler put pen to paper with them before he entertains offers from other clubs in restricted free agency, according to Haugh. Butler will be eligible for a starting salary worth about 25% of next season’s salary cap, unless he wins the MVP and triggers the Derrick Rose Rule, which would allow him about 30% of the cap. The latest league projection indicates that the 25% max will come in at $15.5MM, though that figure won’t be set in stone until July.