Chicago, IL (SportsNetwork.com) - 2014-15 NBA Most Improved Player Jimmy Butler will not be testing the free agent waters, as the Chicago Bulls have reached an agreement with the standout shooting guard on a max contract according to the Chicago Tribune.
The Tribune reported that Butler will sign a four-year contract that includes a player option for the 2019-20 season, with the total value of the deal able to exceed $90 million.
Player signings can not be made official by NBA teams until July 9, when the league's moratorium on free agency is lifted.
Butler was believed to drawing heavy interest from other teams despite his restricted free agent status, which allowed the Bulls to match any offer sheet he signed. Previous reports had indicated that the 2014-15 All-Star was hesitant to sign a long-term contract in order to become an unrestricted free agent next season, when the NBA's salary cap is set to rise considerably due to the league's new television deals with ESPN and Turner Sports.
The 25-year-old turned himself into a sought-after commodity by putting together a banner 2014-15 campaign in which he averaged a team-best 20.0 points along with 5.8 rebounds and 3.3 assists over 65 games.
Butler's numbers have increased in each of his four NBA seasons, having averaged 13.1 points and 4.9 rebounds when being moved into a starting role in 2013-14.
The Bulls have now been able to retain two of their key free agents, having agreed to a reported three-year, $14.4 million contract with forward Mike Dunleavy earlier Wednesday.