Jimmy Butler and the Chicago Bulls have finalized a five-year, $95 million contract.
The deal will include a player option for Butler after the fourth year.
Rival teams interested in signing Butler to an offer sheet are moving onto other options.
Butler's agents with Relativity Sports, Happy Walters and Steve McCaskill, negotiated the deal with Bulls general manager Gar Forman.
Butler had rejected the Bulls' offer of a four-year, $44 million deal. The Bulls could have had Butler on a four-year, $48 million deal.