JULY 14: The Bucks did not rescind their qualifying offer to Parker by Friday’s deadline, tweets Matt Velazquez of the Journal Sentinel. While Parker remains a restricted free agent, it remains unlikely that he returns to Milwaukee given Chicago’s expected offer, Velazquez adds.
JULY 13, 6:49pm: Chicago is close to signing Parker on a short-term deal, according to K.C. Johnson of the Chicago Tribune.
5:17pm: The Bulls are progressing on an offer sheet to Bucks restricted free agent forward Jabari Parker, Adrian Wojnarowski of ESPN tweets. A number of topics are still been discussed by Chicago’s front office and Parker’s representatives, Wojnarowski adds.
The Bucks would have 48 hours to match any offer that Parker might receive. However, it appears that if Chicago truly wants Parker, Milwaukee won’t go to great lengths to keep him. The Bucks are unlikely to match an offer sheet for Parker, according to a follow-up story by Wojnarowski. In fact, Milwaukee has mulled the possibility of pulling Parker’s qualifying offer and making him an unrestricted free agent.
This would go a long way toward explaining the Bulls’ recent moves. Chicago has been clearing cap space in recent days by trading Jerian Grant, waiving Sean Kilpatrick, and withdrawing David Nwaba‘s qualifying offer. The Bulls could open up as much as $20.6MM in cap space if they also renounced Noah Vonleh‘s rights and waive Paul Zipser and Julyan Stone, ESPN’s Bobby Marks tweets.
The Bucks would have to clear salary in order to avoid moving into luxury-tax territory if they chose to match a competitive offer sheet to Parker, Marks notes in another tweet.
Parker is a Chicago native and has been linked to the Bulls in multiple reports.
With Lauri Markkanen entrenched at power forward, the Bulls apparently view Parker as a solution at small forward. The 6’8” Parker, who has suffered two major knee injuries in his young career, averaged 12.6 PPG and 4.9 RPG in 31 games last season after returning from his latest injury.