Pau Gasol's contract with the Bulls is for three years and a reported $22 million-plus, according to Yahoo Sports' Adrian Wojnarowski.
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.