Chicago Bulls, Taj Gibson will likely wait until deadline on extension

Dennis Wierzbicki-US PRESSWIRE

A contract extension between the Chicago Bulls and forward Taj Gibson likely won't come until right before Wednesday night's deadline, if at all.

If the Chicago Bulls and power forward Taj Gibson agree to a contract extension, it will likely come right before Wednesday night's deadline, as ESPN Chicago's Nick Friedell writes. Both sides are still showing optimism that a deal can be reached even as the deadline nears.

Despite the expression of hope from Bulls V.P. of basketball operations John Paxson, he also insisted that the team doesn't have a particular sense of urgency. Unlike with Omer Asik last year, the Bird exception kicks in for Gibson given his status as a fourth-year player, making it far easier for the Bulls to match any offers for the to-be restricted free agent.

Because the Bulls should have a far easier time retaining Gibson through restricted free agency than they did with Asik, who eventually left to take a three-year deal with the Houston Rockets, there's a decent chance that an extension isn't reached before the deadline. In that case, the Bulls will likely simply wait until next summer to deal with the situation.

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