The Chicago Bulls and small forward Mike Dunleavy have reached a verbal agreement on a two-year, $6 million contract, according to ESPN's Marc Stein. The contract amounts to the Bulls' mini mid-level exception, which is the highest contract the team can give out this offseason because they are over the luxury tax threshold.
Dunleavy figures to provide Chicago with outside shooting, which is exactly what he did in Milwaukee the last two years. Dunleavy, who turns 33 years old before the season starts, averaged 10.5 points and 3.9 rebounds per game for the Bucks last season. He shot 44.2 percent from the field and 42.8 percent from three-point range.
It wasn't clear if Chicago would use the mini mid-level exception this offseason, with reports last week saying the team was likely to forgo using their largest exception to lower their luxury tax bill. Dunleavy's signing may mean the end for Marco Belinelli and Nate Robinson in a Bulls uniform. Each are unrestricted free agents after spending one season in Chicago.