An NBA executive told The New York Times that, based on discussions with other team officials, he believes that LeBron James and Chris Bosh have already decided to sign with the Bulls.

In that case, James' meetings with teams this coming week would be merely a formality.

"I think it's a done deal," the executive said about James departing Cleveland for Chicago and taking Bosh with him.

The Bulls are not likely to hold room for two maximum-salary contracts once next season's salary cap is set, but they may be within striking distance of that goal.