Omer Asik Offer Sheet: Bulls Have Until Wednesday To Match

The countdown has begun. On Sunday, the Chicago Bulls officially received the three-year, $25 million "poison pill" offer sheet signed by Omer Asik and the Houston Rockets, and they have a 72-hour window in which to match the contract.

Though speculation early in the process was that the Bulls were going to hold onto Asik, conventional wisdom now holds that the Bulls are going to let Asik walk. The signing of veteran center Nazr Mohammed is being seen as a signal that the Bulls are going to go in a cheaper direction for the upcoming season and have no desire to approach or pass the NBA's luxury tax threshold, which they almost certainly would if they matched Houston's offer sheet.

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