Bulls allegedly made DeMar DeRozan an offer for a two-year contract worth $40 million annually

An summer of upheaval is likely in store after the Chicago Bulls’ season-ending loss to the Miami Heat in the NBA play-in playoffs.

The report pegs DeMar DeRozan as a player who could sign a contract  extension - Sports Illustrated Chicago Bulls News, Analysis and More

DeMar DeRozan, the team’s top scorer, appears to desire to play in the near future, though. According to NBC Sports Chicago’s K.C. Johnson, DeRozan, an upcoming unrestricted free agent, was recently offered a two-year contract that could pay him as much as $40 million per season.

DeMar DeRozan's Discomfort Zone – Chicago Magazine

If accurate, DeRozan would have received a sizable increase from that sum; in the last year of his three-year contract with the Bulls, he made $28.6 million. The fact that Chicago is willing to pay the 15-year veteran a salary that would place him in the top 25 NBA players’ annual salaries shows how much they want to lure him back.Despite approaching 35 years old next season, DeRozan just finished one of his greatest seasons ever, scoring 24 points per game. According to reports, he is seeking a three-year contract in free agency, which is the maximum length of time permitted by the NBA’s over-38 rule. Nonetheless, DeRozan can be persuaded to give up his wish for a longer contract if the Bulls offer a greater average yearly salary.

Bulls Acquire DeMar DeRozan | NBA.com

DeRozan’s decision to return to Chicago may be influenced by his assessment of the team’s prospects of winning. Following the Heat’s defeat on Friday, he was open about his limited NBA future.

DeMar DeRozan and Patrick Williams contract extensions loom over  make-or-break season - CHGO Sports

“I hate losing at the end of the day,” DeRozan said to reporters. “I detest losing out on possibilities. I’ll be 16 when I play a game for the first time. You understand that the window closes on you individually.”He went on, “I still feel the same way about wanting to be here, but all I want is to win. Above everything, simply be given the chance to succeed.”

After a poor season, Arturas Karnisovas, the vice president of basketball operations for the Bulls, told reporters on Saturday that changes are in the works. He desires to retain head coach Billy Donovan and re-sign DeRozan.

Zach LaVine, who has three years and $138 million left on his contract, would probably need to be traded if the franchise was to bring back DeRozan at that rate and avoid paying a luxury tax for exceeding the salary ceiling. Karnisovas believes that paying a luxury tax is not worth the ninth-place result in the Eastern Conference.

“My approach looking at the luxury tax is if you can prove that your team is going to be in the top four, you go in the luxury tax,” Karnisovas stated. “It just makes no sense to be in play-in if you’re going to be in the luxury tax.”