LaVine, 23, was one of the top shooting guards on the market and received plenty of interest for potential offer sheets. He was a centerpiece of the Bulls’ acquisitions when they traded Jimmy Butler to the Minnesota Timberwolves in 2017.
LaVine averaged 16.7 points and 3.9 rebounds in 24 games for Chicago last season after recovering from a torn ACL. In his four NBA seasons, LaVine has emerged as a potent scorer when healthy, averaging a career-high 18.9 points in 2016-17.
LaVine was the No. 13 overall pick out of UCLA in the 2014 NBA draft.
More from Yahoo Sports:
• Belgium blitzes World Cup-favorite Brazil, sending Neymar & Co. home
• OKC reportedly working on deal to part ways with Carmelo Anthony
• Sources: Tony Parker agrees to join Charlotte Hornets
• Jon Gruden-Raiders sequel is shaping out to be weird and fascinating