Hoops Rumors is checking in on the 2024 offseason for all 30 NBA teams, recapping the summer’s free agent signings, trades, draft picks, departures, and more. We’ll take a look at each team’s offseason moves and consider what might still be coming before the regular season begins. Today, we’re focusing on the Chicago Bulls.
Free agent signings Patrick Williams : Five years, $90,000,000. Fifth-year player option. Re-signed using Bird rights.
Jalen Smith : Three years, $27,000,000. Signed using non-taxpayer mid-level exception. Marcus Domask : One year, minimum salary.
Non-guaranteed (Exhibit 10). Signed using minimum salary exception. Kenneth Lofton Jr.
: One year, minimum salary. Non-guaranteed (Exhibit 10). Signed using minimum salary exception.
Trades Acquired Josh Giddey from the Thunder in exchange for Alex Caruso . Acquired Chris Duarte , RaiQuan Gray (two-way), the Kings’ 2025 second-round pick, the Kings’ 2028 second-round pick, and cash in a three-team trade in exchange for DeMar DeRozan (signed-and-traded to Kings). Note: Gray was subsequently waived.
Draft picks 1-11: Matas Buzelis Signed to rookie scale contract (four years, $23,950,723). Two-way signings Adama Sanogo DJ Steward Departed/unsigned free agents DeMar DeRozan (Kings) Henri Drell (Trail Blazers) Andre Drummond (Sixers) Javonte Green (unsigned) Other moves Waived Andrew Funk (two-way). Salary cap situation Operating over the cap ($140.
6M) and below the luxury tax line ($170.8M). Carrying appr.