Gasol announced via his Twitter feed on Saturday that he was joining the Bulls, but the team did not disclose the terms of the deal. Wojnarowski reported Gasol will have a player option in the third year of the contract. According to Wojnarowski, he rejected a two-year, $22 million offer to return to the Los Angeles Lakers, which Wojnarowski said is a signal he wants to be "part of a winning team again."
Gasol averaged 17.4 points and 9.7 rebounds in 60 games for the Lakers last season, the final year of a three-year, $57 million contract.
The Bulls on Sunday also agreed to a reported three-year, $17 million deal with Nikola Mirotic, who is widely considered the best player in Europe. A 6-foot-10 forward, Mirotic was the Spanish League MVP last year for Real Madrid.