Bulls, Taj Gibson Making Progress On Extension

October 1 2012 at 1:46pm CDT By Luke Adams

Bulls fans received some good news today when the team announced that head coach Tom Thibodeau had agreed to a four-year extension to remain in Chicago. According to Aggrey Sam of CSNChicago.com, Thibodeau may not be the only one extended by the Bulls this month. Sam tweets that Taj Gibson and the Bulls are "getting closer" to a long-term extension.

This isn't the first time we've heard optimism about the possibility of Gibson and the Bulls reaching an agreement on a new contract before Halloween. On September 22nd, agent Mark Bartelstein told Shams Charania of RealGM.com that he was confident about getting a deal done, and that his client "loves being a Bull."

When the Bulls let Omer Asik sign with the Rockets earlier this offseason, there was speculation that an anticipated long-term deal for Gibson was part of the reasoning behind the team's decision. Ryan Raroque of Hoops Rumors examined Gibson's extension candicacy shortly after Asik left, concluding that a deal worth about $6MM annually could work for both sides. I wouldn't be surprised if Gibson scores a payday even a little higher than that.

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