Adrian Wojnarowski reports that the Bulls have hired Nuggets GM Arturas Karnisovas to become the franchise's new executive vice president of basketball operations. (0:43)

Editor's note (April 13): This column has been updated with the news that the Bulls have officially hired Arturas Karnisovas and fired Gar Forman.

How far are the Chicago Bulls away from contending new executive VP of basketball operations Arturas Karnisovas?

The Bulls announced Karnisovas as their new decision-maker on Monday, the week after it was reported they would hire him away from his role as GM for the Denver Nuggets and move John Paxson to the role of senior advisor. In a related move, former GM Gar Forman was relieved of his duties.

How much ability will Karnisovas have to remake Chicago's roster in the short term? And, in the long term, how far are the Bulls away from returning to contention and their first playoff series win since 2015? Let's take a look.