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Report: Jimmy Butler finalizing five-year extension with Bulls

First Mike Dunleavy, now Jimmy Butler.

[RELATED - Mike Dunleavy coming back to the Bulls on three-year deal]

The Bulls are reportedly close to inking a five-year, $95 million deal with Butler, the NBA's Most Improved Player during the 2014-15 season:

Jimmy Butler, Chicago Bulls finalizing a five-year, $95M maximum contract with player option after four years, league sources tell Yahoo.

— Adrian Wojnarowski (@WojYahooNBA) July 1, 2015

The player option in the reported deal is also key, meaning Butler would not be signing a shorter deal in hopes of cashing in when the NBA's salary cap is expected to rise over the next couple summers.