Bulls reportedly apply for cap relief from Omer Asik contract

Getty Images
0 Comments

Omer Asik didn’t play a minute for the Bulls this season (they got him in the Nikola Mirotic trade). Back in training camp he ruled out indefinitely with inflammatory arthritis, which had flared up last summer. Asik had played in just 49 games combined the two seasons before that.

Prior to this season, the Bulls waived Asik. He was paid his full $11.3 million for this season but had only $3 million guaranteed for next season. The Bulls have now applied for cap relief — meaning taking that $3 million off the books for next season — because of Asik’s injury, reports Shams Charania of The Athletic.

One year after a player last appeared in a game, teams can apply for cap relief if a player’s injury or condition is determined to be career-ending. An independent doctor needs to verify that Asik could not play again to get the extra cap relief. Asik gets paid, it is still a guaranteed contract. Miami took this step with Chris Bosh, for example.

The Bulls have talked about being aggressive in free agency — finding guys to pair with Lauri Markkanen, Zach LaVine, and Otto Porter — and while that $3 million is not a lot, it helps. The Bulls will have between $20 million and $23 million in cap space if/when the league approves Asik coming off the books (depending on what they do with a couple of players), according to our Dan Feldman. That’s not max contract money, but it can help bring in some depth and shooting to go around the young core in Chicago.