Offseason Dreamin’: Cap Space, Top Free Agents, Extension Candidates, More

Do you get nauseous watching Chicago Bulls basketball?

Does your blood boil when you hear Jim Boylen speak?

Have you suddenly started to experience frequent urination?

If you answered yes to the first two questions, then maybe it’s time you try offseason-a. The mindset created to make you stop thinking about the regular season and start thinking about potential free agents and/or draft selections! Oh, and by the way, if you’re experiencing the third thing, I highly recommend contacting your doctor. Just saying.

With the Bulls at 20-39 on the season and trending downward, it’s about time we look toward what might lie ahead. I understand we don’t know exactly what the franchise’s leadership will look like next season thanks to circulating rumors, but there are a couple of important things we do know this organization (regardless of who’s running it) will have to deal with.

So let’s set the stage!

Cap Space

For a full breakdown of their current payroll and roster, I always recommend checking out the spreadsheet provided by Early Bird Rights, and Basketball Insiders also has a decent breakdown of their own. But, long story short, the Bulls are in a position to basically have no cap space this offseason.

I say basically because there is almost always a way for a team to create some flexibility, but the Bulls situation is especially difficult. With a young core wrapped up for the next couple of season, and last offseason’s free-agent signings of Tomas Satoransky and Thaddeus Young (both who received three-year deals), the only significant space that could open up is if Otto Porter declines his $28.5 million player option. Considering the idea of Porter willingly leaving that money on the table after suffering through another injury-plagued season is completely nuts with a side of cashews, I think it’s safe to assume he’ll be on the team next year (which, isn’t necessarily a bad thing, but it is a financial reality we have to face).

Of course, another way the Bulls can make some room is with a trade or two. After how poorly the Thaddeus Young experience has gone when Lauri Markkanen is healthy, it’ll be interesting to see if the Bulls take a look at his trade value. The Clippers already expressed some interest in the veteran during the deadline, and they also have big man Montrezl Harrell entering unrestricted free agency, so maybe the door is still open?

All in all, the money isn’t there right now, but that might not be a huge deal …

Free Agent Class

*Yawn*

The upcoming free-agent class is weaker than my upper-body during freshman year of college (I was a very scrawny lad). I would say there are some hidden gems here and there, but it’s not a group of players that will make general managers salivate. For reference, here are some of the best names on the market:

  • Anthony Davis (player option)
  • Brandon Ingram (restricted free agent)
  • Gordon Hayward (player option)
  • Andre Drummond (player option)
  • DeMar DeRozan (player option)
  • Mike Conley (player option)
  • Danilo Gallinari
  • Hassan Whiteside
  • Tristan Thompson
  • Marc Gasol
  • For a complete list, check out the Early Bird Rights spreadsheet here.
  • If Anthony Davis actually hit the market, that, of course, would be a big deal. However, he wisely turned down the four-year $146 million extension the Los Angeles Lakers offered him earlier this season and thus become eligible for a five-year $202 million deal this summer. I guess there is always a possibility he can look for that deal from another team, but all signs point to him re-signing with the Lakers for the long haul.

    Brandon Ingram is an interesting name to keep in mind. The only problem is he’s a restricted free agent, and it’s hard to imagine the team letting him walk after this All-Star campaign.

    In general, I just don’t think many teams with little cap space look at this free agency with any FOMO. The real prize comes in 2021, and teams will happily wait.

    The Bulls Free Agents

    Chicago has the bulk of their team returning next season, with the only “major” loss potentially being Kris Dunn.

    The 25-year-old will be a restricted free agent this offseason, and it’s kind of hard to judge his market after his breakout season on the defensive end. If you ask me, I’ve thought all season long that there are teams out there who would be interested in making a run at Dunn. The thought-process for many is still that defense doesn’t pay, but players like Patrick Beverley and Marcus Smart broke that mold this past offseason.

    What still makes the judgment call hard though is the injury Dunn suffered a couple of weeks back. He’s rehabbing an MCL sprain right now and it’s his second in two years. Dunn hasn’t played more than 52 games since his rookie year, and while he isn’t necessarily considered “injury-prone,” he does come with some concerns.

    For Chicago, all of this could mean Dunn stays around on a qualifying offer (possibly around $4.5 million), which wouldn’t be the worst outcome.

    Denzel Valentine and Shaquille Harrison are the other two players on the Bulls roster who will hit free agency this season. Both will be unrestricted free agents and most signs point to no future in Chicago for these two.

    Other Business

    Is it time to think extensions?

    I swear, Felicio better not finesse his way into another $32 million.

    Anyway, the most important business to attend to this offseason will be fixing the front office! All of this stuff above will hopefully be dealt with directly by a new face, and for the latest updates on where that situation stands, read this stuff:

  • REPORT: Bulls Have Their Eyes on Pacers GM
  • Bulls Rumored GM Candidate, Chad Buchanan, Receives High Marks from Players
  • Obsessive Bulls Front Office Watch: Multiple Hires? Big Names Being Thrown Around, Money Not an Issue, More
  • The Rest of League Is Reportedly Aware of the Bulls Planned Front Office Shakeup
  • written by

    Elias Schuster is the Lead Chicago Bulls writer at Bleacher Nation. He started with BN full-time in 2019 immediately after graduating from the University of Illinois Urbana Champaign with a degree in Journalism (yes, he started with the Jim Boylen Era). Since joining, Elias has been the driving force behind Bulls and NBA content for both the site and social accounts. You can follow him on Twitter/X @Schuster_Elias.

    more bulls news

    Even With Butler Out, the Bulls Will Have Their Hands Full Against the Heat

    The Miami Heat are a better team than the Chicago Bulls. We can all agree on that, right? We're talking about a franchise with three trips to the Eastern Conference Finals in four seasons. This included last year's historic run,...

    It’s Official: Heat Rule Out Jimmy Butler for Play-In Game

    The Miami Heat announced Thursday afternoon that Jimmy Butler will officially miss Friday night's do-or-die matchup with the Chicago Bulls. The announcement comes after Butler suffered a knee injury during the first quarter of the 7v8 Play-In game against the...

    Several Bulls Questionable Heading Into Play-In with Heat

    The Chicago Bulls aren't ruling Alex Caruso out just yet. Despite the guard having to exit Wednesday night's Play-In Tournament over the Atlanta Hawks, Caruso is currently listed as "questionable" on the latest official injury report. The Bulls' defensive anchor...

    Joakim Noah Gave Such a Perfect Joakim Noah Interview

    Joakim Noah hasn't played in an NBA game since September 2020, but he still can't stand the thought of losing. The Chicago Bulls legend recently appeared on an episode of The OGs Podcast with Udonis Haslem and Mike Miller for...

    Fans Aren’t the Problem, Fun With Coby White’s Big Night, Miami is Still Scary, and Other Bulls Bullets

    I was sitting at an empty table with his legs crossed sipping on some white wine. The rest of the group was up on the dance floor, sending over the increasingly frequent wave to join them. I followed up each...

    If You Haven’t Seen Coby White Destroy Atlanta Yet, What Are You Waiting For?

    Coby White played the best game of his career on Wednesday night. In front of a packed United Center with the season on the line, White looked like the best player on the floor. He propelled the Bulls to a...

    Enhanced Box Score: Bulls 131, Hawks 116– April 17, 2024

    The Chicago Bulls understood the assignment. Unlike what we saw against Toronto in the first Play-In Tournament game last season, the Bulls were the ones to get out to an early lead. DeMar DeRozan was completely in his bag from...

    UGH: Alex Caruso’s Availability Already in Doubt for Next Play-In Game

    The Chicago Bulls can't seem to swat the injury bug. Despite Andre Drummond and Ayo Dosunmu returning from their multi-game absences on Wednesday, the Bulls have likely lost their defense ace. Alex Caruso suffered a foot injury in the first...

    You Have to See Coby White’s Epic Sequence Against the Hawks

    Whether or not he gets the hardware, Coby White is the NBA's Most Improved Player. The Chicago Bulls guard has fully embraced his bigger workload this season, showing improvements in almost every aspect of his game. This was on full...

    WATCH: DeMar DeRozan WOWS with Huge Slam Against the Hawks

    DeMar DeRozan is almost 35 years old and led the NBA in minutes this season. I want you to remember that as you watch what you're about to see. The Chicago Bulls' veteran forward was tearing apart the Atlanta Hawks...

    Latest News

    How to Watch Reds vs. Angels: Live Stream or on TV

    The Cincinnati Reds (9-9), with Nick Lodolo on the hill, host the Los Angeles Angels (9-10) who will hand the ball to Tyler Anderson, at 6:40 PM ET on Friday.The article below will provide you with everything you need to...

    Kings vs. Pelicans Predictions, Best Bets and Odds: NBA Playoffs Game 1 – Friday, April 19, 2024

    The Sacramento Kings and the New Orleans Pelicans take the court to start the opening round of the NBA Playoffs. The Kings are favored by 1.5 points in the contest, which airs on TNT at 9:30 PM ET. The over/under...

    Nick Foligno Calls Out Blackhawks Teammates, Says Changes Are Needed

    The Blackhawks put the worst regular season of more than 70 games in the history of the franchise to bed on Thursday night in a manner that sums up the season fairly well. Connor Murphy was banged up and Nikita...

    2024 NBA Playoffs Odds: Mavs vs Clippers Odds to Win Series, Spreads, Lines

    It's a first-round matchup with a history of fireworks! The Dallas Mavericks and Los Angeles Clippers lock horns once again in the NBA Playoffs. This year marks the third time in five years these two teams meet in the opening...

    2024 NBA Playoffs Odds: Pacers vs Bucks Odds to Win Series, Spreads, Lines

    The NBA Playoffs are here, and the Eastern Conference first-round ignites with a clash of styles. The Indiana Pacers, boasting the league's top-scoring offense, bring their high-octane attack to Milwaukee to face the experienced Bucks. Giannis Antetokounmpo's status adds further...

    How to Watch Pirates vs. Red Sox: Live Stream or on TV

    Quinn Priester takes the mound for the Pittsburgh Pirates (11-8) when they host starter Brayan Bello and the Boston Red Sox (10-10) at 6:40 PM ET on Friday.If you're intending to watch this game, keep reading for streaming and TV...

    Padres vs. Blue Jays: Free Live Stream, TV Channel, How to Watch

    Fernando Tatis Jr. and the San Diego Padres (11-10) host George Springer and the Toronto Blue Jays (10-9) at 9:40 PM ET on Friday.The article below will provide you with everything you need to watch San Diego play Toronto.When is...

    Giants vs. Diamondbacks: Start Time, Streaming Live, TV Channel, How to Watch

    Michael Conforto and the San Francisco Giants (9-11) host Ketel Marte and the Arizona Diamondbacks (9-11) on Friday, with first pitch at 10:15 PM ET.Find out how to watch the San Francisco-Arizona matchup below.When is Giants vs. Diamondbacks and when...

    Dodgers vs. Mets: Start Time, Streaming Live, TV Channel, How to Watch

    On Friday, Yoshinobu Yamamoto will take the mound for the Los Angeles Dodgers (12-9) versus Sean Manaea and the New York Mets (10-8), with first pitch scheduled for 10:10 PM ET at Dodger Stadium.Find out how to watch the Los...

    Minnesota Twins vs. Detroit Tigers Series April 19-21: Odds, Starting Pitchers & Predictions

    On Friday, April 19 at 8:10 PM ET, a three-game series featuring the Minnesota Twins and the visiting Detroit Tigers will begin.Twins vs. Tigers Series Info Tigers @ Twins Time: Friday, April 19 at 8:10 PM ET Twins Starting Pitcher:...

    more bulls news