…and Roy has reached a verbal agreement with the Minnesota Timberwolves to sign a two-year contract worth $10.4 million.
It’s not too surprising. The Bulls didn’t have that kind of money to offer Roy.
So another free agent is off the board.
The options are dwindling. While C.J. Watson and his $3.2 million team option hang in limbo — the Bulls have until July 10 to decide whether or not to retain him — the team will probably continue to look at the likes of Kirk Hinrich, Jonny Flynn, Courtney Lee and Derek Fisher.
With all the cash committed to the contracts of Carlos Boozer, Derrick Rose, Joakim Noah, and Luol Deng, the Bulls are going to dangerously close to the luxury tax no matter what they do. With the Rockets making a big push for Omer Asik, management is pretty handcuffed at the moment. All Chicago can offer is minimal salaries at this point. Would Hinrich — who has several teams interested in his services — take a low ball offer just to return to the Windy City?
If the Bulls are going to continue standing pat — and there’s every reason so far to believe that’s the case — it seems more and more that they should keep C.J. around.