Chicago Bulls, Jimmy Butler Agree to a 5-year, $90 Million Deal

The Chicago Bulls and Jimmy Butler have agreed to a five-year, $90 million contract.

The contract includes a player option, which means that Butler can become a free agent after his fourth year. The deal cannot be legally signed until July 9.

Butler had a breakout season this past year. He was named to his first All-Star team and was the NBA's Most Improved Player. He averaged 20 points, 5.8 rebounds in the regular season. His field goal percentage and his 3-point percentage were 46.2 and 37.8, respectively.

''I think this is a place for me,'' Butler had said after receiving the Most Improved Player award. ''I love playing with the guys we have. They continue to bring in great, high-character guys that fit the team role. I love it here.''

Before the start of last season, Butler turned down a four-year, $44 million offer in order to become a restricted free agent this offseason. He played for just under $3.2 million during the 2014-15 season.

There were rumors that Butler was planning on leaving Chicago due to tensions with Derrick Rose. These rumors sparked when Butler was seen hanging out with actor, Mark Wahlberg, who told reporters that Butler was going to play for the Boston Celtics. However, these rumors did not play out.

The Bulls and free agent Mike Dunleavy also agreed to a three-year, $14 million deal. The Cleveland Cavaliers were reportedly very interested in the swingman but were unable to entice him away from Chicago. Dunleavy averaged 9.4 points during the regular season.