The Chicago Bulls and free agent Jabari Parker have agreed to a two-year, $40 million deal.
Parker signed a two-year, $40 million deal with Chicago in July.
Parker's contract is reportedly worth $13 million.
The Wizards are reportedly sending Otto Porter to the Bulls in exchange for Jabari Parker and Bobby Portis.
It's fair to treat the Bulls' moves with a certain level of cynicism given their recent history. While the Jabari Parker signing could fit the trend when all is said and done, the upside of the taking on an elite scorer and hometown hero far outweighs the risk.
Jabari Parker was averaging 15.8 points and 7.1 rebounds while playing 31 minutes per game entering Thursday.