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Report: Carlos Boozer Signs Five-Year, $80 Million Contract With Bulls

In what can only be good news for their flickering hopes of getting LeBron James, the Chicago Bulls have reportedly signed Carlos Boozer to a five-year, $80 million contract, according to Yahoo! Sports' Adrian Wojnarowski and several others.

Boozer had been rumored to be a key piece to the LeBron James puzzle, with the Nets, Bulls and Cavaliers all expressing interest in him because he could help bring James to their team. The news that the Bulls ultimately won the battle for Boozer's services obviously gives them a huge leg up in the LeBron race.

Better yet, according to K.C. Johnson from the Chicago Tribune, the Bulls have maintained enough salary cap space to sign James to a maximum contract. Boozer will receive less than the maximum salary himself, preserving the necessary space for Chicago. 

For more on the signing, head over to SB Nation Chicago and Blog a Bull