Chris Duhon has signed an offer sheet with the Toronto Raptors, but in all likelihood the Bulls restricted free agent will suit up at the United Center this fall, Bulls general manager John Paxson said Monday.

"It's highly likely that we will match the offer," Paxson said in a conference call with reporters. "Relatively, in the scheme of things, it's not a lengthy deal and it's money we've allocated for Chris."

The offer from Toronto is believed to be worth no more than $2.5 million a season for three years. Paxson's initial offer to Duhon was in the range of $6 million over three years.

Duhon could not be reached for comment. His agent, Bill Duffy, declined to comment on negotiations.

Under the new collective bargaining agreement, Paxson has a week to match the offer and probably will use all seven days to mull over the contract.

"It's in our best interests to wait out the week and analyze everything," he said. "As I've said all along, we're going to re-sign our guys."

Duhon's salary will be subtracted from the team's mid-level exception of $5 million, the rest of which Paxson will use to pursue a veteran free agent.