Chicago Bulls: Why the Nikola Vucevic re-signing was a steal

The Chicago Bulls made headlines Wednesday when the team came to terms on a multi-year contract extension with Nikola Vucevic.

The extension is a three-year deal worth $60 million dollars. Although the European big man sustained averages of 17.6 points, 11 rebounds and 3.2 assists a game in 2022, many have expressed concern.

Vucevic has been a valuable player from a number standpoint but the lack of team success since his initial arrival has fans questioning the move.

On one hand, Vucevic was the Bulls’ third offensive option on what was a stagnant offense in 2022-23. Ball-dominant stars Zach LaVine and DeMar DeRozan facilitated while “Vooch” was often relegated to a spot-up shooter and screener.

It’s understandable why some believe the near 33-year-old third option doesn’t deserve an annual salary of $20 million. However, when you compare both his production and yearly salary to other centers in the league, it looks favorable.

Back in January, the Indiana Pacers and big man Myles Turner came to terms with an extension worth $60 million dollars over two years. On a per-year basis, Turner is netting $10 million more than Vucevic.

The Nikola Vucevic signing looks to be in favor of the Chicago Bulls right now.

While it is noted that Turner is nearly six years younger than Vucevic, the difference in value isn’t that of $10 million dollars. Aside from the near-identical scoring figures, Vucevic is both a far better rebounder and passer than Turner is on a per-game basis.

In terms of durability, Vucevic is also the victor. During his two full seasons with the Bulls, Vucevic has played in 155 of 164 possible games. Turner on the other hand has struggled with availability. In his last three seasons, Turner has played in only 151 games.

Turner’s youth and defensive prowess make the extension a quality one for Indiana. However, it’s tough to argue the Bulls’ front office is in the wrong for making a very similar move.

For Chicago, this extension has made it clear that there was never an intention of going into a rebuild. With the draft coming and going and the 2023-24 season approaching quickly, it seems like the front office is in favor of keeping the core of LaVine, DeRozan, and Vucevic together.

Only time will tell if this trio ever brings a championship to the windy city but from a market value perspective, the Vucevic extension looks to have been a steal.