Report: Bulls offering DeMar DeRozan nearly $40 million per year

The Chicago Bulls have reportedly offered DeMar DeRozan a contract worth around $40 million annually.

It’s been an odd three years for the Chicago Bulls. After completely reshaping their roster in 2021, they’ve only made the playoffs in one of the three seasons since – the first one. And that year, they only managed to take one game off of the Milwaukee Bucks. In the two years since they haven’t even cracked .500.

This season ended the same as the last: A loss to the Miami Heat in the second Play-In Tournament game. Chicago has seemingly embraced their place as a middle-of-the-pack squad despite the constant pleas from the fanbase to shake things up. And according to a recent report, that’s not going to change this summer.

According to sources who spoke with KC Johnson of NBC Sports Chicago, the Bulls have offered DeMar DeRozan a contract worth around $40 million annually.

“A source said the Bulls recently offered DeRozan’s representative a two-year deal at a high annual salary, perhaps as much as $40 million per season,” Johnson wrote. “For now, DeRozan is seeking a longer-term deal, but that merely be part of negotiations.”

DeRozan has revived his career in Chicago, but paying him $40 million to be the star of the show is a one-way ticket for more Bulls mediocrity.

What does the long-term future of the Chicago Bulls look like?

What does the long-term future look like for the Chicago Bulls?

For the past three years, the Chicago Bulls have been stagnant. Ever since they changed up their core in 2021, they’ve remained firmly in the middle of the pack in the Eastern Conference. While they managed to win one playoff game in 2022, they haven’t been back since, and this season, they’re in danger of missing the playoffs yet again.

Much to the dismay of the fanbase, the Bulls decided to stand pat at the deadline again this year, choosing to roll into the postseason with their current roster. And though there have been rumblings that the team will trade Zach LaVine this summer, that’s the only major change that seems to be on the horizon.

That begs the question – what does the long-term future of the Bulls look like? The Yahoo Sports YouTube channel recently discussed this.

Is Coby White the guy to lead them into the future? Will they hit on a draft pick this year? How long will DeMar DeRozan be around? All of these are important questions.

[lawrence-auto-related count=3]