Cristiano Felico re-signs with the Chicago Bulls on a 4-year $32M deal

With Rajon Rondo being waived today (along with Isaiah Canaan), the Chicago Bulls only had two restricted free agents who are expected to come back to this team next year. They just locked up one of them right after free agency began.

As reported by Shams Charnia of the Vertical, the Bulls have agreed to re-sign Cristiano Felicio to a 4 year deal worth around $32 million.

This was a good move by the Bulls as they got back Felicio for cheap and without having to match any other teams offer. Getting a guy like Felicio at 8M a year is a solid deal and Sean Highkin of the Athletic also reported this interesting nugget about the terms of it:

Felico is expected to play backup minutes to Robin Lopez this year and this is another step in what has been a great journey for the Brazilian big man. He was an unknown coming into Bulls Summer League two years ago and now has worked his way up to earning a decent contract. Especially when you consider his cap hit was under 1M for Chicago until now. Last year he averaged 4.8 points and 4.7 rebounds and registered a defensive box plus/minus of 0.6.

He still has a long ways to go in terms of improving his game but once again, it’s good to see Felicio coming back to the Bulls on a good contract.