HoopsHype Real Madrid rumors

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 9, 2014 Updates
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 22, 2014 Updates
June 11, 2014 Updates

Okay, there were rumors we were talking with Rudy Fernandez agent, and it was clear at the time it wasn't for this postseason. Think that is still a possibility? Darnell Mayberry: I spoke with someone close to Rudy and was told that was a bunch of smoke. Oklahoman

Mirotic would have to pay 2.5 million euros this summer but he wouldn't have to pay almost anything if he leaves in 2015. TuBasket.com

June 9, 2014 Updates
May 24, 2014 Updates
April 30, 2014 Updates

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