The Bulls had a relatively quiet summer in 2025, drafting a high-risk, high-reward prospect in Noa Essengue with the 12th overall pick and trading Lonzo Ball to the Cavaliers in a straight-up swap for Isaac Okoro. The rest of the roster remained largely unchanged from the group that finished 2024/25 on a surprising 15-5 run after a 24-38 start.
The previous iteration of the team never looked the same after Ball's knee injury interrupted -- and ultimately derailed -- the first-place start to the 2021/22 campaign. But that didn't stop the Arturas Karnisovas-led front office regime from running back the other four starters (DeMar DeRozan, Zach LaVine, Alex Caruso and Nikola Vucevic) for multiple seasons, despite consistently mediocre results.
The Bulls parted ways with DeRozan and Caruso in the 2024 offseason, then sent LaVine to the Kings in a three-team deal that also involved the Spurs in February 2025. The roster deconstruction took a minor detour last offseason, but continued in earnest again ahead of the '25/26 deadline.
After winning 40, 39 and 39 games in the previous three seasons, the Bulls were essentially on an identical trajectory to open '25/26, having gone 24-27 leading into the February 5 deadline. Karnisovas and top lieutenant Marc Eversley decided to lean into a more comprehensive roster tear-down at that point, trading away four impending free agents in Vucevic, Coby White, Ayo Dosunmu, Kevin Huerter in four separate deals and making three other moves to net a total of nine second-round picks.
The returns from those deals were criticized by fans, who were hoping to see the team cash in, at least in some cases, earlier on their most valuable trade chips. White and Dosunmu had been with the Bulls their entire careers, but rather than trade them when they had a year or more left on their contracts, the team waited until they were essentially rental players for the final few months of the season.
While the aggregate returns from all the trades the past couple years was indeed underwhelming, Karnisovas and Eversley at least deserve credit for both creating and maintaining the financial flexibility that could result in the Bulls having $56MM in cap room this summer.
Of course, part of the reason that number is so high is because the Huerter trade with Detroit brought back guard Jaden Ivey. It initially looked like the former No. 5 overall pick might be part of the club's plans going forward, but he was waived on March 31 after he made a series of inflammatory comments on Instagram Live streams; the Bulls cited conduct detrimental to the team in their brief press release announcing the move.
Besides reportedly creating friction in the locker room, Ivey was dealing with a knee issue that limited him during his brief stint with Chicago. The saga created questions about whether the front office had done enough homework prior to acquiring Ivey, and it was said to be one of the final straws for ownership -- Karnisovas and Eversley were dismissed on April 6, a week before the regular season ended.
The Bulls' front office had been criticized for years for their fixation on the old core, and there was reportedly a "growing disconnect" between management and several other parts of the organization, not just ownership. Karnisovas and Eversley had been in charge for six years and it took nearly that entire tenure to fully lean into a rebuild. Chicago went just 7-24 after its 24-27 start, finishing '25/26 with a 31-51 record.
That record resulted in the Bulls finishing with the ninth-best pre-lottery odds and a 20.2% chance of moving into the top four. After losing a pre-lottery tiebreaker in 2025 to the Mavericks, who surprisingly moved up to No. 1 while the Bulls ended up at No. 12, Chicago was one of the big winners of this year's lottery, moving up to No. 4 in what's widely viewed as a very strong draft. That's particularly true of the consensus top four, which features AJ Dybantsa, Darryn Peterson, Cameron Boozer and Caleb Wilson.
In addition to their own first-rounder, the Bulls also control the 15th pick and a pair of second-rounders (Nos. 38 and 56). Their four selections are tied for the most in the NBA as they entire the first offseason under new head of basketball operations Bryson Graham, a former Pelicans and Hawks executive who was hired to replace Karnisovas.
The Bulls' Offseason Plans
The Bulls have three primary objectives this offseason: Hiring a new head coach to replace Billy Donovan, who opted out of the final year of his contract; drafting the right players (particularly the two first-round picks) to add to their young core; and deciding what to do with their expected cap room.
There's also the lingering question of whether the new front office views all of Giddey, Essengue, and Buzelis as part of the team's core, since Graham and company weren't involved in acquiring those players and presumably have no attachment to them.
