Free agent forward Jabari Parker has agreed to a two-year, $40 million deal with the Chicago Bulls, league sources told ESPN.
The agreement was consummated on Saturday, moments after Bucks GM Jon Horst removed the qualifying offer on the restricted free-agent forward and allowed him to become unrestricted.
The Bucks weren't going to match a Bulls offer sheet, and the deal -- brokered with Parker's agent Mark Bartelstein -- allowed a good-faith gesture for Parker to sign a shorter deal with the Bulls.
"We really love Jabari and wanted to work with him on this, because we weren't going to match an offer sheet," Horst told ESPN.