The Associated Press on condition of anonymity as the contract is not able to be finalized until next week, as per the league's rules.
In addition, the best free agent was taken off the market, which helped settle the biggest roster dispute that has been hanging over this summer's Bulls in the current summer.
The Athletic first reported the deal that was reached between both the Bulls as well as LaVine.
He was determined to preserve an elite group that has helped Chicago get to its first playoffs in the past five seasons.
There are many advantages for LaVine stayingin Chicago, including the obvious financial advantage.
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