Bulls owner Jerry Reinsdorf is set to meet with Suns coach Mike D'Antoni this weekend, showing that Chicago may be serious about making D'Antoni the team's next head coach, K.C. Johnson of the Chicago Tribune is reporting.

The Bulls and Knicks are going head to head to secure D'Antoni, who is still under contract as the head coach of the Phoenix Suns.

While the Bulls do not want to get into a bidding war with New York over D'Antoni, the report by Johnson states that they could if they want to as the financial situation involving former coach Scott Skiles is not as grim as it is being depicted.

According to two people familiar with Skiles' settlement after his Christmas Eve firing, Skiles is owed $1 million of his guaranteed $3.5 million next season. In exchange for waiving his offset, Skiles agreed to refund $1 million of the $4.5 million owed next season.

Skiles, who receives his Bulls money despite signing a four-year, $18 million deal with the Bucks, then spread the remaining $3.5 million over seasonal payments of $1 million, $1 million, $750,000 and $750,000.

Despite speculation stating otherwise, Chicago do not have a Sunday deadline for a potential contract proposal to D'Antoni.