Discussions on a contract extension between Luol Deng and the Chicago Bulls never reached financial terms, leaving the organization risking losing the All-Star forward in free agency next offseason, a league source told RealGM.

Deng’s representatives held meetings with Chicago’s front office about the possibility of a deal before the upcoming season, and the next stage in their talks had been whether the Bulls would engage in negotiations on an extension. Nevertheless, Gar Forman let Deng’s representatives know that the Bulls had decided not to offer negotiations surrounding a long-term deal.

Comcast SportsNet Chicago first reported that discussions stalled between the Bulls and Deng.

There clearly will be an immense market for Deng in free agency next offseason, a two-time NBA All-Star, All-NBA defender and positive leader at 28 now bound to receive significant interest after headline talents in LeBron James and Dwyane Wade.

Deng averaged 16.5 points, 6.3 rebounds and three assists a season ago, earning his second consecutive berth to the All-Star Game. After the season, Deng decided not to undergo a procedure for a torn ligament in his left wrist.