Butler will be going into his fourth year and with Luol Deng set to explore free agency in the summer, the move was virtually a no-brainer with Butler now slotted as the starting two-guard spot, but versatility allowing him to defend up to four positions. He will make just over $2 million in his fourth deal and his value should only increase this season and if Deng leaves this summer.
Teague was shopped around the league this preseason and he was linked to a deal that would have sent him to Utah. In only his second year and only 20 years old, the point guard hasn’t gotten consistent minutes and that has helped lead to inconsistency in his play.
His option is only $1.12 for his third season and his improvement this year will be vital as the Bulls hold a team option on Kirk Hinrich for next season.