Chicago Bulls, Tom Thibodeau Reportedly Resume Contract Talks

The Chicago Bulls have moved very slowly on contract extension talks with head coach Tom Thibodeau despite two first-place finishes in the Eastern Conference and one Coach of the Year win in 2010-11, but the Bulls and Thibodeau have reportedly resumed talks on a new deal. The team has formally picked up Thibodeau's option for the upcoming 2012-13 season on his original three-year, $6.5 million contract, but there is no doubt that Thibodeau deserves more money and now a report from Nick Friedell of ESPN Chicago says the two sides have started talking about a contract extension again.

Former head coach Jeff Van Gundy says he could get the deal done in 25 seconds:

"If I was (the Bulls) and Tom agreed to what (Oklahoma City's) Scott Brooks got (a reported four-year deal worth approximately $18 million), the whole thing would take 25 seconds. It's a no-brainer ... My thing is he's an elite coach and should be paid like one."

Thibodeau's hard-nosed defensive style has worked well in Chicago, and there is little doubt that he deserves to be paid like an elite head man, but Chairman Jerry Reinsdorf has earned a reputation for being a very tough negotiator. Thibodeau was reportedly unhappy that he didn't get a new deal during the 2011-12, and now 2012-13 sets up as a big challenge as the team jettisoned Omer Asik, Ronnie Brewer, Kyle Korver, John Lucas, Brian Scalabrine(sort of) and C.J. Watson during the offseason.

For the latest on the Chicago Bulls, be sure to check out Blog A Bull and SB Nation Chicago. Head over to SB Nation's NBA hub for even more news. Be sure to subscribe to our YouTube Channel for video commentary.

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