Jabari Parker has officially ditched the cream and green for the red and white, as the Chicago Bulls have signed him to a 2-year, $40M dollar contract according to Adrian Wojnarowski.
Free agent forward Jabari Parker has agreed to a two-year, $40M deal with the Chicago Bulls, league sources tell ESPN. Milwaukee rescinded Parker's qualifying offer moments ago, making him unrestricted.— Adrian Wojnarowski (@wojespn) July 14, 2018
The dollar figures and years certainly raise some eyebrows, especially after news dribbled out yesterday that the two sides were progressing on a deal that initially appeared to only be an offer sheet. Woj reported yesterday though that it was unlikely the Bucks would’ve matched any offer sheet, leading to them rescinding their $4.3M qualifying offer today.
Bucks GM Jon Horst tells ESPN that Bucks weren't going to match offer sheet, and worked in good faith with Parker and his agent Mark Bartelstein to let them negotiate the unrestricted deal with Bulls. There was no harm for Bucks to make the gesture. https://t.co/MDdwleqExa— Adrian Wojnarowski (@wojespn) July 14, 2018
Freeing Parker up was a good faith move by Jon Horst and company after their clear intentions to let Parker walk whether he signed an offer sheet or not. There were a number of sentiments expressed by both Parker’s agent Mark Bartelstein and the Bucks organization themselves to help illustrate this breakup is relatively amicable.
Milwaukee Bucks comments on rescinding Jabari Parker’s offer (thus clearing the path for signing with the Bulls) pic.twitter.com/vWqzvF24Ce— Malika Andrews (@malika_andrews) July 14, 2018
Jabari entered Milwaukee as a number two overall pick with lofty expectations on his shoulders, and he now leaves for his hometown team hoping to recover the talented game sapped by his two ACL tears during his four years with the Bucks. The signing of Ersan Ilyasova seemed to illustrate Milwaukee wanted a backup plan in place should Parker leave. Now, the Bucks will be free of any future decisions on Jabari and clear up some cap space for the potential signings of Khris Middleton and Malcolm Brogdon next year. For now though, get ready for the sight of Jabari in Bulls’ red for the time being.