Chicago Bulls fans might not want to pay too much attention to what's going on in Brooklyn right now. While both the Bulls and Nets are quite obviously considered major market teams, only one is acting like it.
While the Bulls brace themselves to decline several one-year team options on bench stalwarts C.J. Watson, Ronnie Brewer and Kyle Korver, the Nets continue to take on salary and now look to be in position to develop into one of the Eastern Conference's best teams.
Brooklyn traded for productive yet wildly overpaid shooting guard Joe Johnson on Monday. On Tuesday, Brooklyn re-upped point guard Deron Williams to a max contract that will pay the former Illinois Fighting Illini star close to $100 million for five years. Williams chose to remain in Brooklyn over a 4-year max deal from the Dallas Mavericks.
Brooklyn also re-signed Gerald Wallace to a four-year, $40 million deal and added stretch power forward Mirza Teletovic from Bosnia.
Landy Fields signed a three-year offer sheet with the Toronto Raptors for $20 million. It is believed to be structured similar to the offer sheet the Houston Rockets gave Omer Asik, in that the third season will give Fields a huge raise, probably around $10 million for the 2014-2015 season.
Guard George Hill signed a five-year contract with the Pacers to remain in Indianapolis.
The Bulls are one of the teams interested in shooting guard Courtney Lee, who became a free agent yesterday when the Rockets withdrew his tender offer.