The Bulls jumped into the free agent market right off the bat, agreeing to a deal with former Milwaukee Bucks guard/forward Mike Dunleavy, Jr.
Reports are that the deal is for 2 years and $6 million, which is certainly an excellent deal for the Bulls, who came into the summer knowing they needed 3-point shooting. Dunleavy is over 41% from behind the arc over the last three seasons, attempting four 3's per game over that time frame.
The only question anyone has about this deal is why the Bulls would sign Dunleavy for two years when they have been looking at the possibility of creating enough cap space next summer to sign a maximum-salary free agent.
Exact details of the deal have not been made public, but one person has told me not to be surprised if the 2nd year of the deal is a team option. My source didn't go as far as to say the 2nd year positively won't be guaranteed, but added that he wouldn't be surprised if the 2nd year is only guaranteed for $1 million (or possibly even a little less).
Dunleavy will back up Loul Deng at SF and Jimmy Butler at SG, and don't be surprised to see the Bulls play a decent amount of small-ball with Butler, Deng and Dunleavy all on the floor at the same time. In fact, if 2nd-round pick Erik Murphy shows that he can be on the floor without being a complete defensive liability, the Bulls could theoretically play Derrick Rose with four 3-point shooters at certain times.