Bulls Notes: Rebuild, Rondo, Mirotic, Wade

Bulls executives Gar Forman and John Paxson spoke to reporters late on Thursday night in the wake of the blockbuster trade that sent Jimmy Butler to Minnesota and signaled a full-scale rebuild in Chicago. As Nick Friedell of ESPN.com tweets, Paxson explicitly used the R-word (“rebuild”) in his comments.

As a result of the its new direction, the club will remain “patient and disciplined” this offseason, according to Paxson, who says the Bulls won’t be investing big money in players unless there’s a long-term fit (Twitter link via Friedell).

Here’s more on the Bulls:

  • Forman said tonight that it’s not yet clear whether the Bulls will pick up Rajon Rondo‘s option (Twitter link via Friedell). According to Sam Amick of USA Today (Twitter link), there has been no discussion yet of a buyout for Rondo, but it’s “clearly a possibility” after the Butler trade. Rondo’s contract has a built-in buyout, since it’s only guaranteed for $3MM right now, so the Bulls would have to waive him by June 30 to avoid being on the hook for another $10MM+.
  • Despite using the seventh overall pick on Lauri Markkanen, a stretch four, the Bulls intend to re-sign Nikola Mirotic as a restricted free agent, Paxson said (Twitter link via K.C. Johnson of The Chicago Tribune).
  • Although he won’t be thrilled to see Butler depart, Dwyane Wade is still picking up his player option for 2017/18, as Vincent Goodwill of CSNChicago.com tweets. Paxson suggested on Thursday night that if Wade had serious concerns about the team’s direction, he might not have exercised that option (Twitter link via Sam Smith of Bulls.com).
  • The Bulls believe newly-acquired Zach LaVine is ahead of schedule in his rehab from an ACL tear, but don’t yet know when he’ll get back on the court, tweets Friedell.
  • How did Butler react to Thursday’s deal? “He’s great,” a source close to the forward tells Goodwill (Twitter link). “He’s with Thibs now.” Butler’s agent, Bernard Lee, confirmed that his client “has definitely embraced the opportunity to look forward” (Twitter link via Jon Krawczynski of The Associated Press).
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