The Chicago Bulls and Lonzo Ball reached an agreement on a four-year, $85-million deal, Ball's agent, Rich Paul, told The Athletic's Shams Charania.
The move will be part of a sign-and-trade with the New Orleans Pelicans, Paul told ESPN's Adrian Wojnarowski.
Chicago will reportedly send guard Tomas Satoransky, veteran Garrett Temple, and a second-round pick to New Orleans in the trade.
Ball, a restricted free agent, was expected to receive substantial interest on the open market, with the Boston Celtics and Toronto Raptors reportedly joining the Bulls in their chase.
The former second overall pick averaged 14.6 points, 5.7 assists, 4.8 rebounds, and 1.5 steals last season with the Pelicans in his fourth NBA season.
