Quick: Spent over the cap. Hard-capped via the Tomas Satoransky sign and trade.

Salary Cap: $109,140,000

Luxury Tax Threshold: $132,627,000

Hard Cap: $138,928,000

Projection for 2020-21 (flat $109.14 million cap): Up to $26.3 million in cap space, none if Otto Porter opts in.

Roster Count: 11 guaranteed, one player option

Depth Chart:

PG: Tomas Satoransky, Coby White, Ryan Arcidiacono

SG: Zach LaVine

SF: Otto Porter (PO), Chandler Hutchison

PF: Lauri Markkanen, Thaddeus Young

C: Wendell Carter Jr., Luke Kornet, Cristiano Felicio, Daniel Gafford

Note: Teams often adjust their depth chart throughout the season, sometimes game by game.

Exceptions

Estimated Mid-Level Exception — $9,258,000

Estimated Bi-Annual Exception — $3,623,000

2020 NBA Draft*: 7th ($5,307,120 cap hold), 44th from Memphis Grizzlies (Justin Holiday); 57th to Washington Wizards (Tomas Satoransky)

* Lottery/Standings TBD

Unsigned Draft Picks:

First-rounders: None

Second-rounders: Jon Diebler (2011-51st), Albert Miralles (2004-39th)

Non-Guaranteed Salaries — Next Cut-Down Date*

None

* Players and teams can agree to push back cut-down dates.

Free Agents (with Cap Holds*)

Full Bird: Otto Porter (PO, $34,800,000), Kris Dunn (RFA, $16,044,021), Denzel Valentine (RFA, $10,132,707)

Early Bird: Shaquille Harrison (RFA, $2,025,705)

Non-Bird: Adam Mokoka (RFA TBD, two-way), Max Strus (two-way)

* Estimated, pending the 2020-21 salary-cap figure.

Qualifying Offers (Pending)

Kris Dunn — $7,091,568

Denzel Valentine — $4,698,198

Shaquille Harrison — $2,025,705

Adam Mokoka (TBD)

Rookie-Scale Extension Eligible

Lauri Markkanen

Rookie-Scale Options

Coby White

Wendell Carter Jr.

Chandler Hutchison

Waived Players: None

Traded Players: None

G-League Affiliate: Windy City Bulls (Brad Seymour president, Brian Hagen general manager, Charlie Henry head coach)

Two-Way Contracts: None

Coaching Staff

Head Coach: TBD

Assistants: Dean Cooper, Chris Fleming, Nate Loenser, Roy Rogers, Karen Stack Umlauf

Director of player development: Shawn Respert

Trainer: Jeff Tanaka, Chip Schaefer (director of performance health), Arnold Lee (assistant athletic trainer), Matthew Johnson (strength coach), Geoffrey Puls (assistant strength coach)

Basketball Executives:

Arturas Karnisovas — executive vice president of basketball operations

Marc Eversley — general manager

Pat Connelly — vice president of player personnel

Brian Hagen — associate general manager

JJ Polk — assistant general manager

Steve Weinman — assistant general manager

Jim Paxson — director of pro personnel

Doug Collins — senior advisor of basketball operations

John Paxon — senior advisor of basketball operations

Pick Swaps

2021 — The Bulls can swap second-rounders with the New Orleans Pelicans (Nikola Mirotic).

2022 — The Bulls can swap second-rounders with the Detroit Pistons (Jameer Nelson), may go to the Memphis Grizzlies (James Ennis). May swap with the Los Angeles Lakers via the Washington Wizards (Tomas Satoransky).

2023 — Owe a second-rounder to the Washington Wizards (Otto Porter).

Cash Paid ($5,617,000 max): $0

Cash Received ($5,617,000 max): $0

Deadlines

10/16/20 — NBA Draft

10/17/20 — Otto Porter’s player option.

10/17/20 — Qualifying offer deadlines for Kris Dunn and Shaquille Harrison.

10/19/20-10/23/20 — NBA Moratorium.

10/31/20 — Team options on Wendell Carter Jr., Coby White and Chandler Hutchison (revised date TBD).

Before the first day of 2020-21 season — Extension deadline on Lauri Markkanen

6/29/21 — Team option on Ryan Arcidiacono.

6/29/21 — Qualifying offer deadline for Lauri Markkanen.

6/30/21 — Thaddeus Young’s $15,190,000 (incentives TBD) guarantees for 2021-22.

6/30/21 — Tomas Satoransky’s $10 million guarantees for 2021-22.

Before the first day of 2021-22 season — Extension deadlines on Wendell Carter Jr. and Chandler Hutchison.

10/31/21 — Team option on Coby White

1/10/22 — Daniel Gafford’s $1,782,621 guarantees for 2021-22.

6/29/22 — Team option on Daniel Gafford.

6/29/22 — Qualifying offer deadlines on Wendell Carter Jr. and Chandler Hutchison.

Before the first day of 2022-23 season — Extension deadline on Coby White.

1/10/23 — Daniel Gafford’s $1,930,681 guarantees for 2022-23.

6/29/23 — Qualifying offer deadline on Coby White.

Teams and players can renegotiate guarantee dates. The NBA’s general cut-down date is January 10, although players need to clear 48 hours of waivers.

Transactions

8/14/20 — Fired coach Jim Boylen.

Trade Kickers

None

Note: Players can waive their trade bonuses.

No-Trade: None

Expired 10-Day Contracts: None

Arena: United Center

Archives

2019-20

2018-19

2017-18

2016-17

2015-16

2014-15

2013-14

2012-13

Cap Holds



Salary and team data change quite often. If you notice a discrepancy, please notify Basketball Insiders Senior Writer Eric Pincus.

(Updated on 8/17/20)