Nikola Vucevic and the Chicago Bulls have opened discussions on a contract extension.

Vucevic will become an unrestricted free agent if an extension isn't agreed upon by June 30th.

The Bulls can offer an extension worth up to approximately $118 million over four seasons.

Chicago traded for Vucevic in 2021 when they sent Wendell Carter Jr., the first round pick that became Franz Wagner and the 11th overall pick this year.