Report: Bulls could retain Boylen due to owner's financial concerns

Chicago Bulls head coach Jim Boylen hasn't done much to inspire a beleaguered fan base, but his job might be safe for now.

Bulls owner Jerry Reinsdorf is dealing with financial concerns heading into the 2020-21 campaign, and as a result, Boylen and most of his staff could stay on next season, sources told Joe Cawley of the Chicago Sun-Times.

The coronavirus pandemic has hit Reinsdorf hard financially. The 84-year-old, who also owns the Chicago White Sox, recently said his losses were in the "nine figures," and he's concerned about how the pandemic will affect next year's finances.

Boylen has gone 39-84 in parts of two seasons at the helm in the Windy City. In May, several key Bulls players reportedly ripped Boylen to the organization's new front office regime, which includes vice president of basketball operations Arturas Karnisovas and general manager Marc Eversley.

Chicago was the fourth-most valuable franchise on Forbes' yearly list. However, Boylen's $1.6-million salary is among the NBA's lowest for a head coach.