Jabari Parker is coming home.
Parker agreed to a two-year, $40 million deal with the Bulls early Saturday, according to sources, moments after becoming an unrestricted free agent.
The Milwaukee Bucks rescinded their qualifying offer to Parker to expedite the process as they had no intention of matching an offer sheet for Parker, setting free a player they selected second in the 2014 NBA Draft.
The Bulls and Parker had been in contact the last several days, as the Bulls cleared just enough salary cap space by trading Jerian Grant and rescinding David Nwaba’s qualifying offer after matching Zach LaVine’s offer sheet one week ago.