Bulls Re-Sign Deng

Restricted free agent forward Luol Deng and the Chicago Bulls have agreed to six-year contract that could be worth as much as $80 million.

The Bulls e-mailed a news release Wednesday afternoon announcing the ``contract signing of Luol Deng.'' No details on the deal were released.

Bet the 2009 NBA Finals Futures Odds

Even though re-signing Deng was huge to the Bulls’ success next season, oddsmakers clearly don’t like Chicago’s chances in 2009. Oddsmakers from online sports book SBG Global have made the Chicago Bulls a 35/1 long shot to win the 2009 NBA Finals.

Oddsmakers think the defending champion Boston Celtics are the favorites to repeat in the East, meaning the Bulls have plenty to overcome next season. Deng will certainly help, but new head coach Vinny Del Negro is going to need more pieces to get the Bulls to the 2009 NBA Finals.

Deng averaged 17 points and 6.3 rebounds last season, while shooting 47.9 percent. That marked a drop from 2006-07, when he scored 18 points a game with 7.1 rebounds, while making 51.7 percent of his shots. Deng had rejected a five-year contract extension last October that was worth $57.5 million.

Bet the 2009 NBA Finals Futures Odds

Did you like this article? Subscribe to our Basketball news feed for the fastest updates delivered right to you - Click here to Subscribe

NBA Top Stories

Thumbnail Hawks vs. Bucks Prediction The Hawks are in a funk but will they cover as a road underdog versus the Bucks tonight at 8:00PM ET?
Thumbnail 76ers vs. Bulls Prediction The 76ers have been great against the spread but will they cover tonight against the Bulls at 8:00PM ET?
Thumbnail Suns vs. Celtics Prediction Are the Celtics laying too many points as a massive home favorite tonight against the Suns at 7:30PM ET?
Thumbnail Pistons vs. Magic Prediction Will the struggling Pistons cover the spread tonight as a small road favorite versus the Magic at 7:00PM ET?
Thumbnail Cavs vs. Hornets Prediction Can the Hornets pull off the upset tonight as a home underdog versus the Cavs at 7:00PM ET?

NBA Headlines

NBA Team Pages