Bulls make a splash signing Norman Powell: Tracking all the Chicago Bulls' NBA Free Agency moves
Chicago Bulls introduce first-round picks Caleb Wilson and Dailyn Swain
A new day for the Chicago Bulls began as the franchise introduced first-round picks Caleb Wilson and Dailyn Swain in a press conference on Friday.
The Chicago Bulls have their next top executive, their next head coach and two first-round draft picks in tow.
Now, they'll take to free agency to fill out the team's first roster under Executive Vice President of Basketball Operations Bryson Graham.
Follow along here as the Bulls open NBA Free Agency on Tuesday evening, as we track the moves they make.
Chicago Bulls free agency moves
NBA free agency began at 5 p.m. CT on Tuesday.
We'll track all the Bulls' moves here.
Bulls make splash with high-scoring guard - July 1, 9 a.m.
The Bulls made their first splash in free agency.
According to ESPN, the Bulls and former Heat guard Normal Powell have agreed to a two-year contract. The deal is worth $45 million.
ESPN and Chicago Sports Network are also reporting the deal has a team option in the second year.
During his one year in Miami, Powell averaged 21.7 points, 3.5 rebounds and 2.5 assists per game and was expected to be one of the more sought-after free agents on the market.
What remains to be seen is what happens in any potential sign-and-trade scenarios.
Bulls re-sign reserve center - June 30, 9:30 p.m.
After the Bulls made a deal to acquire Nic Claxton, they made sure their center position was secure.
Zach Collins, who the Bulls acquired at the 2025 trade deadline in a deal that sent Zach LaVine to Sacramento, has agreed to a two-year, $17 million contract extension to stay in Chicago, the team announced Tuesday evening.
Collins will now join Claxton and Caleb Wilson, as well as re-join Matas Buzelis, Leonard Miller and Jalen Smith, in the Bulls' front court.
Collins is regarded as a successful screener. He also shot 42 percent from 3-point range in 10 games last season and is a career 33.4 percent shooter from beyond the arc.
A season-ending toe surgery halted his 2025-2026 season prematurely, but he still averaged 9.7 points, 5.6 rebounds and 1.5 assists in 18.4 minutes per game.
This extension cuts into the Bulls' cap space, leaving them with about $23 million in cap space.
Reserve Bulls big reportedly to remain in Chicago - June 30, 6 p.m.
The Bulls will reportedly fully guarantee forward Leonard Miller's $2.41 million salary for the 2026-27 season, according to Michael Scotto.
Miller played in 27 games and started 12 for the Bulls last season after coming over in a trade with Minnesota. He averaged 11.7 points and 5.8 rebounds per game, and shot 55.5 percent from the field.
Bulls waive guard acquired on draft night - June 30, 5 p.m.
With their first official move of the evening, the Bulls announced they waived guard Kam Jones right when free agency began at 5 p.m.
The Bulls acquired Jones on the second night of the 2026 NBA Draft from the Indiana Pacers in exchange for the No. 38 overall pick, which the Pacers used to select Purdue guard Braden Smith.
2026 NBA Free Agency begins as trade dust settles
Any moves the Bulls make at the start of free agency will pale in comparison to some of the names that have already gotten traded so far. In the offseason, the following players were traded before free agency began:
- Giannis Antetokounmpo
- Kawhi Leonard
- LaMelo Ball
- Ja Morant
- Julius Randle
- Tyler Herro
- Brandon Ingram
- Miles Bridges
- Naz Reid
Even NBA superstar LeBron James is on the open market, as ESPN reported that the 41-year-old all-NBA player will not return to the Lakers.
The Bulls have been open about how they won't be contending for a title in the 2026-2027 season. It remains to be seen what moves they will make in order to help Caleb Wilson's development.
Reacting to a Blackhawks trade & the Bulls' draft | Chicago Sports Tonight
Tuesday was a busy night in Chicago. The Bulls drafted two players in the first round of the 2026 NBA Draft. The Blackhawks made a blockbuster trade to acquire Bowen Byram. Cassie, Sam and Chris break it down.
What we know:
The Bulls are currently sitting with a healthy amount of open space, but have some work to do. According to ESPN:
- The Bulls are $31 million under the luxury tax.
- The Bulls have to spend $14.3 million by the start of the season to reach the minimum salary requirement, including the trade to acquire Nic Claxton.
- The Bulls have $8.5 million in cash to send in a trade, have $8.5 million to receive in cash considerations and have $9.4 million available in exceptions.
The following Bulls players are free agents:
- Nick Richards
- Collin Sexton
- Anfernee Simons
- Zach Collins
- Mac McClung
- Yuki Kawamura
- Lachlan Olbrich
The Bulls' roster currently has Patrick Williams, Rob Dillingham, Isaac Okoro, Jalen Smith, Matas Buzelis and Noa Essengue. The Bulls acquired Nic Claxton as part of a three-way trade, but that trade has yet to become official.
It remains to be seen if those players will remain on the team by the time the season begins.