Rumors

Former Nuggets player Julyan Stone signed with Venezuelan team Marinos de Anzoategui for the 2024 season.

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Emiliano Carchia: Julyan Stone has signed back with Reyer Venezia, according to a source Stone is returning to Italy after a season in the NBA with the Charlotte Hornets. He was one of the key players for the Serie A championship won by Umana Venezia in 2016-2017

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For Bartelstein and Parker, a $20 million guarantee after the past injuries and an uneven final season with Milwaukee is the best possible outcome to the choppy waters of restricted free agency. Now, Chicago needs to renounce Noah Vonleh, David Nwaba and waive Paul Zipser and Julyan Stone to create the $20M in salary cap space needed to sign Parker.

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Darnell Mayberry: Bulls announce the Jabari Parker signing. Also announce they've released Paul Zipser and Julyan Stone.

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Malika Andrews: Bulls officially announce signing Jabari Parker.

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Update on the Bulls cap situation after the Sean Kilpatrick waiver: Chicago is still operating as a team over the cap based on the $8.6 (midlevel), $3.4 (bi-annual), $9.0 (trade), $2.6 (trade) and $1.3 (trade) million exception combined with the $10.5 million Noah Vonleh and $1.7 million David Nwaba free agent hold. The maximum cap space that Chicago can create is $20.4 million but would come at the cost of losing the above exceptions. The Bulls have a July 18 guaranteed date on the $1.5 million Paul Zipser contract and August 1 for the $1.6 million Julyan Stone cap hit. July 13 is also the last date to pull the qualifying offer for Nwaba without the consent of the player. The Bulls have 12 guaranteed contracts.

ESPN

Vincent Goodwill: The Bulls will waive Julyan Stone and his $1.65 million salary in the three-way trade with Charlotte and Orlando, according to sources. Jerian Grant to Orlando. Bismack Biyombo to Charlotte. Timofey Mozgov to Orlando as well.

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Josh Robbins: My understanding is the Charlotte/Chicago/Orlando trade, which has been agreed to in principle, will take a little while to be processed formally by the league (a process that would include a trade call).

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Adrian Wojnarowski: Sources: Three-team trade agreed in principle.

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Here is the breakdown for the Charlotte, Chicago and Orlando trade: The Bulls acquire the $1.65M non-guaranteed contract of Julyan Stone that has a August 1 guaranteed date. If Stone is waived, the cap space for Chicago will increase to $16M in room (if the Noah Vonleh hold is released). For Charlotte, Bismack Biyombo is under contract for the next two years with a cap hit of $17M per season. The Hornets now have $120.3M in salary and are $3.4M under the tax with 14 guaranteed contracts. Orlando gets much needed guard help with the $2.69M expiring contract of Jerian Grant. Like Biyombo, Timofey Mozgov has two years left with a cap hit of $16M and $16.7M.

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Rick Bonnell: Biyombo makes $17 million each of the next two seasons, which is comparable to what the @Charlotte Hornets would be paying Mozgov.

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Spencer Percy: #Hornets add $1M for this season and $280K next season on this trade.

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Adrian Wojnarowski: Sources: Charlotte, Chicago and Orlando finalizing trade that includes Mozgov to Magic, Biyombo to Charlotte and Julyan Stone to Bulls.

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Shams Charania: Sources: Chicago is trading guard Jerian Grant to Orlando as part of a 3-team deal.

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