Nikola Mirotic has reached a buyout with Real Madrid, and the Bulls are now reportedly working out a contract to sign him.
If Mirotic comes to Chicago, the Bulls will need to make room for his salary. Chicago currently only has a mid-level exception to offer, but if they chose to amnesty Carlos Boozer, they will have more at their disposal. However, the additional cap room gained from amnestying Boozer was thought to be reserved for Carmelo Anthony, so this report could be suggesting that Chicago believes Carmelo will be re-signing with the Knicks.