Jabari Parker Signs 2-Year $40 Million Deal With Bulls

After weeks of speculation and rumors, the Bulls announced the signing of Milwaukee Bucks free-agent forward Jabari Parker to a two-year/$40-million deal.

Parker, 23, will return to Chicago, where he was the No. 1 recruit in America out of Simeon High School in 2013.

"I am extremely grateful to the Bucks and the incredible fans of Milwaukee for showing me so much love and encouragement", Parker said in the statement released by the Bucks. If he performs well, they could pick up his option and let him play out the season without a long-term deal.

"Jabari is a 23-year-old player who is a natural fit with our young core, and is a proven scorer at the National Basketball Association level", Bulls general manager Gar Forman said in a statement.

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The Bulls will now need to sign Parker to an offer sheet, which the Bucks will have 48 hours to match. The Bulls had made two earlier moves, trading Jerian Grant and Julyan Stone in order to free up even more cap space.

The Bulls are banking on him to stay healthy after he tore the anterior cruciate ligament in his left knee twice in four seasons with Milwaukee.

In Chicago, Parker will join a young nucleus that includes Wendell Carter Jr., Kris Dunn, Lauri Markkanen and Zach LaVine. He had his best season in 2016-17 - averaging 20.1 points, 6.2 rebounds and 2.8 assists in 51 games before suffering another knee injury.

As far as Parker's deal with the Bulls goes, Wojnarowski reported that the second year of his deal is a team option and gives him a chance for him and Bartelstein to work out a longer deal, provided he's able to find his form and avoid picking up yet another injury in his young career.

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