The Bulls have between Aug. 1 and Oct. 31 to sign Jamal Crawford and Marcus Fizer to contract extensions, otherwise the players will become restricted free agents next summer.
In itself, that is no reason to panic. The Bulls could match any offer to their restricted free agents and would be in no danger of losing Crawford or Fizer against their will.
But then again, it's worth noting that three teams with a vast supply of cap room - Denver, Utah and Miami - are having trouble landing any free agents. That means their cap money will likely carry over to next summer, when those teams could be in position to make expensive offers hoping the Bulls won't match.
"I can't worry about that," Bulls general manager John Paxson said. "I can't let that force my hand. I still feel we can be patient."
In some ways, it would make sense to wait on extensions. The Bulls might want to see how Crawford fares with a full season as the starting point guard and will certainly wait until Fizer proves he has recovered from a torn anterior cruciate ligament in his right knee.
On the other hand, the Bulls could end up spending more for both players if they wait until next year. That could prove costly down the road because the Bulls will be closing in on the luxury-tax threshold soon.