Bulls Free Agency Rumors: John Lucas III reportedly close to signing with Raptors

The very seldom-used 'extremely slight levitation' dribble. Mandatory Credit: Mike DiNovo-US PRESSWIRE

From Marc Stein:

The Toronto Raptors are closing in on the signing of free-agent point guard John Lucas III, according to sources close to the process.

Sources told ESPN.com the sides are in advanced discussions to finalize the terms on a multiyear deal to add Lucas to a backcourt rotation that had already been strengthened earlier this month by the Raptors' acquisition of Kyle Lowry.

One source said Wednesday the Chicago Bulls, who've employed Lucas for much of the past two seasons, were resigned to losing the 29-year-old.

KC Johnson later confirmed that this is 'close'.

Lucas had a (relatively) breakout year for the Bulls after being a basketball vagabond. He was seen (by me, anyway) as a teachers pet of Thibs, but wound up providing some nice 'irrational confidence' off the bench and a near 40% mark from three. If he can keep that up he'll always be serviceable as an emergency PG.

But even as someone who's quick to call the Bulls 'cheap' about everything, with the drafting of Marquis Teague and addition of Kirk Hinrich, the Bulls really don't need another PG on a multi-year deal. Look for the Bulls to fill that spot with a minimum-salary player, perhaps even a rookie. I'd suggest even rolling with two PGs until Rose returns, but the Bulls do need to have at least 13 players on the roster, despite their best intentions.

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