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The Milwaukee Bucks have rescinded their one-year qualifying offer to free agent Jabari Parker, allowing him to sign an unrestricted offer with the Chicago Bulls. According to Adrian Wojnarowski of ESPN, Parker’s new deal runs for two years at $40 million total, with the second year a team option.
Free agent forward Jabari Parker has agreed to a two-year, $40M deal with the Chicago Bulls, league sources tell ESPN. Milwaukee rescinded Parker's qualifying offer moments ago, making him unrestricted.
— Adrian Wojnarowski (@wojespn) July 14, 2018
Bucks GM Jon Horst tells ESPN that Bucks weren't going to match offer sheet, and worked in good faith with Parker and his agent Mark Bartelstein to let them negotiate the unrestricted deal with Bulls. There was no harm for Bucks to make the gesture. https://t.co/MDdwleqExa
— Adrian Wojnarowski (@wojespn) July 14, 2018
“From the moment the Bucks drafted Jabari with the No. 2 pick in the 2014 Draft, they have gone out of their way to treat Jabari as a member of the Bucks family, and this is another perfect example of doing exactly that, and we’re very appreciative.” - Mark Bartelstein pic.twitter.com/hUrkz25VoF
— Milwaukee Bucks (@Bucks) July 14, 2018
The second-year of Parker deal is a team option, which lowers risk for Bulls because of Parker's two ACL surgeries and gives Bartelstein and Parker a chance to negotiate a long-term deal with Bulls should he stay healthy and productive next season.
— Adrian Wojnarowski (@wojespn) July 14, 2018
The former second-overall pick in the 2014 NBA Draft averaged 15.3 points and 5.5 rebounds per game in his first four seasons with the Bucks, but he appeared only 183 times due to ACL injuries, He averaged a career-high 20.1 ppg in 51 outings during the 2016-17 season.