But the Bucks already have a lot of salary committed to players for the foreseeable future, and given Parker's injury history, it might be smart to not match an offer sheet, especially an expensive one.
National Basketball Association league sources tell ESPN that restricted free agent forward Jabari Parker and the Chicago Bulls are progressing on a deal. He's a four-year veteran but has played more than 51 games in a single season just once because of injuries.
We're nearly two weeks into free agency and Jabari Parker still has not found a home.
The Bulls have been in talks with Parker's agent, Chicago-based Mark Bartelstein. Parker put out a post on Instagram yesterday afternoon of him in his basketball shoes with the address of a local park in Milwaukee.
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Having recently withdrawn the qualifying offer they had extended to guard David Nwaba, Chicago has opened up the kind of space required to deliver such an offer, and they still have feasible routes that would allow them to stretch beyond that too.
Bartelstein needed to get the Bucks to rescind the qualifying offer because an offer sheet has to be longer than two years. After tearing his ACL for the second time late in the 2016-17 season, Parker made his return to the court this season.
Beyond that, there are other questions surrounding Parker as a long-term option in Milwaukee, though, and debate over his fit would certainly apply equally in Chicago. The Bulls want to add him to a young core that includes Lauri Markkanen, Wendell Carter, Zach Lavine and Kris Dunn. If that's to become a reality, the Bucks would have to do that by 11.59 pm CT on Friday.
According to Vincent Goodwill of NBC Sports Chicago, one team which has some level of interest in Parker are the Bulls.