HoopsHype Nikola Mirotic rumors

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July 12, 2014 Updates
July 10, 2014 Updates

Although the Bulls have also expressed varying degrees of interest to other free agents, from Houston small forward Chandler Parsons, who Wednesday night agreed to a reported three-year, $45-million offer sheet with Dallas, to Washington’s Trevor Ariza, a more likely new addition is 2011 first-round draft pick Nikola Mirotic. According to a league source, a deal with the 23-year-old Spanish forward is “almost done” and because Mirotic’s $3-million buyout to Spain’s Real Madrid (of which the Bulls can contribute $600,000) can be paid over time, his annual salary might not significantly affect the franchise’s salary cap. CSN Chicago

July 5, 2014 Updates

One source said Friday that Mirotic is hoping for assurances from the Bulls that he won't be traded before completing his roughly $3.4 million buyout from Real Madrid. But given how highly the Bulls have spoken of him since they sent two draft picks and cash to the Timberwolves for his draft rights in 2011, that seems a formality. Chicago Tribune

Per league rules, the Bulls can contribute up to $600,000 of Mirotic's buyout without that amount going on their books. Exceeding that would be considered a signing bonus and would take away valuable salary-cap space. That's space the Bulls most want to use to sign Anthony. Chicago Tribune

July 4, 2014 Updates

After one Bulls source downplayed Mirotic’s arrival earlier in the week — most likely because of the Anthony buzz — another source said Friday that the team now feels confident that something is close to getting done with the 23-year-old Mirotic, especially after the 6-10 forward had a $3 million buyout with Real Madrid paid. Chicago Sun-Times

Mark Deeks: Bulls can pay $600k of Mirotic's buyout w'out it going on cap. They can pay the rest if they want but it goes on the cap as a signing bonus. Twitter @MarkDeeksNBA

June 29, 2014 Updates

If Nikola Mirotic is truly done with his team in Spain and is headed to the States this week to meet with the Bulls, that was news to the Bulls on Sunday. According to one source, the team had not been informed that Mirotic had grown completely disenchanted with Real Madrid and was ready to wear Bulls red. Chicago Sun-Times

June 11, 2014 Updates
June 9, 2014 Updates
May 18, 2014 Updates

The Bulls will begin negotiations for the first time this offseason with Mirotic, who has a small buyout this summer. Though Real Madrid made noise about possibly signing Mirotic to an extension beyond the one year remaining on his deal, that could contain an out clause should Mirotic opt for the NBA. "We have built a relationship with him," general manager Gar Forman said at last week's NBA draft combine. "We feel confident he will come over at some point. Whether that's this summer or next, we don't know." Chicago Tribune

May 9, 2014 Updates
April 30, 2014 Updates

Given the sizable buyout required to free Mirotic from his Spanish obligations -- and with Chicago able to kick in only $600,000 toward that buyout that wouldn't count against the salary cap -- it's conceivable Chicago might even ask its talented frontcourt prospect to stay abroad for a fourth successive season since he was drafted. It's hard to see how the Bulls could manufacture the needed financial flexibility to add a high-dollar free agent and Mirotic. The good news is 2011's No. 23 overall pick said earlier this month in an interview with Spain's Canal Plus that he's fine with playing one more season in Madrid, which he calls "home for me." ESPN.com

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