UPDATE, 2:15 p.m.: Jimmy Butler gives verbal commitment to four-year deal with player option for a fifth that would be worth $90 million.
After the Bulls offered Butler a five-year max contract worth $90 million, other teams who first pursued Butler gave up, according to Yahoo Sports writer Adrian Wojnarowski.
Teams pursuing Butler, a restricted free agent, with offer sheets have given up and moved on, league sources tell Yahoo.
— Adrian Wojnarowski (@wojespn) July 1, 2015
[nicelink url=http://chicago.suntimes.com/sports/7/71/629839/jimmy-butler-says-wants-stay-chicago]
This report came after Butler canceled all meetings with other teams.
The Bulls and Jimmy Butler have agreed to a 5-yr, $90m max deal, source confirms. Butler takes security over flexibility, as expected.
— Ken Berger (@KBergNBA) July 1, 2015