The Chicago Bulls have exercised third-year options on guards Kris Dunn and Denzel Valentine, and fourth-year options on guards Jerian Grant and Cameron Payne, along with forward Bobby Portis.

By exercising their options, all players will be under contract with the Bulls for the 2018-19 season.

The Bulls acquired Dunn in a Draft-night trade with the Minnesota Timberwolves last offseason in which Dunn, Zach LaVine and the rights to Lauri Markkanen were exchanged for Jimmy Butler and the draft rights to Justin Patton. In his rookie year with the Timberwolves, Dunn played in 78 games (7 starts) and averaged 3.8 points, 2.1 rebounds and 2.4 assists. 

Valentine was selected 14th overall by Chicago in the 2016 NBA Draft. The Michigan State product saw time in 57 games and averaged 5.1 points, 2.6 rebounds and 1.1 assists per game his rookie year. 

Payne was traded to Chicago on Feb. 23, 2017, along with Joffrey Lauvergne and Anthony Morrow, for Taj Gibson, Doug McDermott and a 2018 second round draft pick. The former Mr. Basketball in Tennessee has career averages of 5.0 points, 1.5 rebounds and 1.9 assists through 88 games. He only appeared in 31 games in 2016-17, missing time due to a right foot injury, but in the 10 games he played with the Bulls, Payne averaged 4.9 points, 1.5 rebounds and 1.4 assists in 12.9 minutes. He has not played in 2017-18 while recovering from offseason surgery on his right foot.

Selected by the Bulls 22nd-overall in the 2015 NBA Draft, Portis has appeared in 126 games (17 starts) with career averages of 6.9 points and 5.0 rebounds. Portis has not played in 2017-18 while serving an eight-game team suspension.