Michael Reinsdorf Rumors
Reinsdorf, chairman of the Bulls for the past 31 years and chairman of MLB’s Chicago White Sox for 35 is one of the few owners whose teams have won championships in two of the four major U.S. team sports. The multi-sport owner has kept things seemingly simple along the way. Seizing opportunities as they presented themselves, suffering little apparent doubt, brushing himself off briskly after missteps and sticking to a few core principles have him, at age 80, fit and nearly as involved as ever. “He wants to win,” said Michael Reinsdorf, 49, the second-born of Reinsdorf’s three sons and the president and COO of the Bulls since 2010. “After the World Series [won by the White Sox in 2005], he was like, ‘Well, this will make it easier now. I won’t get so emotional now during games.’ And it’s never changed. Easier said than done.”
But Butler’s emboldened state after landing a max contract led to several disruptive moments throughout the season, in film sessions and on the practice floor, sources said. That they continued sometimes unchecked throughout the season didn’t bode well for team chemistry, which started to fray in Thibodeau’s last season. In fact, that reason is why there’s optimism for Hoiberg’s future. Even management now believes this core was held together one season too long, that any coach would’ve struggled to overcome this tired team’s tendency to give in to adversity.
All indications are executive vice president John Paxson and general manager Gar Forman will lead that attempt. Chairman Jerry Reinsdorf long has valued management continuity and praises Paxson in any rare interview. Forman has cultivated a strong relationship with Michael Reinsdorf, the team’s president and chief executive officer. Their wives run the Bulls’ charity arm.
Hoiberg is viewed as his hire, though it was signed off on unanimously. Forman prevailed in the internal debate over whether to try to finalize a Pau Gasol-to-the-Kings trade deadline deal, though there was sentiment that with Mike Dunleavy just back the team could make a run as well as not loving the return from the Kings. Forman then publicly doubled down on re-signing Gasol, calling him part of the core. That stance has softened with Noah a priority, sources said, and Gasol also will entertain free-agency options.
Michael Reinsdorf laughs now at his own eagerness at his dad’s offer to manage the Bulls. The younger Reinsdorf, 46, is seen as the heir apparent of the franchise his father gained control of in 1985, when he led a group to purchase a majority of the team for $9.25 million. He took it from mediocrity to the pinnacle of sports during the Michael Jordan era, and the Bulls are now worth an estimated $800 million, according to Forbes.