Rumor: Milwaukee Bucks rescind offer to Jabari Parker

Posted July 19, 2018

It's official, Jabari Parker is out of Milwaukee.

The Bulls have been in talks with Parker's agent, Chicago-based Mark Bartelstein. Rescinding the offer frees up $4.3 million for the Bucks.

Milwaukee isn't expected to match this offer sheet, and there have been reports that they could pull his qualifying offer to allow him to become an unrestricted free agent, but this is yet to happen. The Chicago native and former No. 2 overall pick will be joining the Bulls. Parker played in just 31 games a year ago. Parker played just 25 games as a rookie during the 2014-15 season before suffering a torn ACL.

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"Jabari and I express our honest gratitude to Jon Horst and Bucks owners Marc Lasry, Wes Edens and Jamie Dinan for working side-by-side with us throughout the free agency period", said Mark Bartelstein, CEO, Priority Sports & Entertainment.

"Jabari is a 23-year-old player who is a natural fit with our young core, and is a proven scorer at the National Basketball Association level", Bulls general manager Gar Forman said in a statement.

Before his injury in the 2017 season, Parker was putting up 20 points a game, so it's easy to see why the Bulls are taking the risk with him. The Bulls made the official announcement Saturday afternoon.

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The team announced it released guard Julyan Stone and forward Paul Zipser. Parker had his best season in 2016-17 - averaging 20 points, six rebounds and almost three assists in 50 games before suffering another knee injury.

In Chicago, Parker will join a young nucleus that includes Wendell Carter Jr., Kris Dunn, Lauri Markkanen and Zach LaVine.

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