Jabari Parker has signed a two-year, $40 million deal with the Chicago Bulls.
The second year of the deal is a team option, league sources say, which lowers the risk on Chicago based upon Parker's two ACL injuries and gives both sides flexibility to turn a short-term relationship into a long-term deal should Parker stay healthy and productive next season.
The Milwaukee Bucks weren't going to match an offer sheet to Parker, so they rescinded their qualifying offer to allow him to sign a shorter deal. Mark Bartelstein brokered the deal with the Bucks making a good-faith gesture.
"We really love Jabari and wanted to work with him on this, because we weren't going to match an offer sheet," Jon Horst said.