The Bulls officially signed Sacramento free agent Darius Songaila to a two-year contract Thursday.
The deal is worth $2.2 million for the first year and contains a player option worth $2.4 million for the second year. More than likely, the 6-foot-9 forward will opt out and become an unrestricted free agent next year.
As a favor to Songaila, the Kings rescinded their qualifying offer on Wednesday, turning him from a restricted to unrestricted free agent. That allowed the Bulls to sign outright the 27-year-old native of Lithuania, without having to start with an offer sheet, and it also enabled Songaila to get a short-term deal. Offer sheets to restricted free agents are required to be for at least three seasons.
?This is a very significant signing for us,? Bulls general manager John Paxson said. ?We like a lot of things about him. The fact that he is a skilled (power forward), can handle it, can pass it. We feel we have good perimeter players who can drive and dish. We need guys who can catch and shoot. He?s going to be great for us.?
Songaila averaged 7.5 points, 4.2 rebounds and shot 52.7 percent from the field last season for the Kings, his second in the NBA.
At $2.2 million, Songaila appears to be a bargain for the Bulls. Circumstances this summer left him in a lurch and the Bulls took advantage.
When free agency began July 1, Sacramento expected to match any offer sheet given to Songaila. But when Shareef Abdur-Rahim failed a physical with New Jersey, the Kings used their midlevel exception to snap up Abdur-Rahim. Suddenly, Songaila?s roster spot with Sacramento was gone, and most NBA teams already had spent their free-agent money.
?At that point, everybody was foaming at the mouth to get him,? said Mark Bartelstein, Songaila?s Chicago-based agent. ?If he had been unrestricted, he would have at least gotten the full midlevel (worth $5 million). He would have gotten a $35 million (multi-year) contract). If we were going to go somewhere short term, we felt he should go to the best team and the best situation he could.?
Bartelstein said free-agent guard Jannero Pargo will re-sign with the Bulls next week unless a significant offer comes his way in the next few days.