Omer Asik Rumors: Houston Rockets Sign Bulls Center To 3-Year, $25 Million Offer Sheet

Omer Asik met with the Houston Rockets as soon as NBA free agency opened on Sunday morning, and now the Chicago Bulls' backup center is set to sign a three-year, $25 million offer sheet with the team. The deal won't go final until July 11, when the Bulls will have three days to match or lose Asik for nothing.

Because he was a second round pick with only two years of NBA experience, the Bulls were able to catch a bit of a break in that Asik could only be offered as much as the mid-level exception -- or $5 million annually -- in the first two years of the deal. Apparently Houston is really upping the ante in the third season, with the club offering $15 million to the center.

The Bulls have consistently insisted they intend on matching any offer to Asik, but the ultra pricey third season will certainly make things interesting.

For more, stick with SB Nation Chicago. For more on the Bulls, head over to Blog a Bull. For additional news, notes and analysis from around the NBA, visit SB Nation's NBA news hub.

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