NBA Free Agent Rumors: DeRozan Turns Down Massive Offer

The Chicago Bulls have gone home for the summer, but there are some big decisions to make this offseason, not the least of which has to do with their best player, DeMar DeRozan. Reports have emerged that Chicago recently made a huge $40 million per year offer to the six-time All-Star... And he turned it down.

The Chicago Bulls recently proposed a two-year contract to DeMar DeRozan, valued at $40 million PER SEASON, per @KCJHoop

(Via https://t.co/YM1ItZR7aw) pic.twitter.com/pL4traWZAV
— NBACentral (@TheDunkCentral) April 21, 2024

The thing is, their offer was said to be for two years, whereas per the CBA, the Bulls can offer DeRozan up to a $45M/year extension over four years. Their two-year offer, then, comes up a bit short. DeMar is seeking that longer-term contract.

The former No. 9 overall selection in the NBA Draft by the Toronto Raptors (2009), DeRozan just completed his third straight elite season with the Bulls, averaging 24 points, 4.3 rebounds and 5.3 assists. In three years in the Windy City, he's poured in an average of 25.5 points per game.

What has been clear all along is that the Bulls do hope to re-sign the soon-to-be 35-year-old this summer. And DeRozan does want to stay. Though he did make it clear after the Bulls were eliminated in the Play-In, that he expects certain other moves by the team if he is to be happy.

DeMar on staying in Chicago: “My stance on wanting to be here is still the same but I just want to win.”

Time is clearing weighing on him: “Next time I play a game will be my 16th season. You realize the window closes for you personally. I ain’t trying to play 25 years.” pic.twitter.com/qLJDBEi1C8
— Julia Poe (@byjuliapoe) April 20, 2024