Parker and Bulls in talks on offer sheet

The Jabari Parker Era appears to be coming to a close in Milwaukee.

The restricted free agent forward and the Chicago Bulls are progressing on an offer sheet deal, league sources told ESPN and the Chicago Tribune on Friday.

A two-year deal could be finalized as soon as Sunday, league sources said.

Parker, a Chicago native, isn’t expected to have an offer sheet matched by the Bucks. The team has discussed allowing Parker to become an unrestricted free agent by pulling his qualifying offer, but that has yet to happen, league sources said.

The Bulls are banking on revitalizing Parker’s career, restoring him to top condition and fulfilling his promise as the No. 2 overall pick in the 2014 NBA draft. Parker has shown the promise to be an elite scorer in the league.

Parker, 23, has suffered two ACL tears in his left knee during his NBA career. He had his best season in 2016-17 — averaging 20 points, six rebounds and nearly three assists in 50 games before suffering his second knee injury.

Parker was one of the most decorated players in Illinois prep history at Simeon Career Academy. He is the only player to be voted Mr. Basketball of Illinois twice.

In other NBA news, Timberwolves All-Star Jimmy Butler turned down a four-year extension worth $100 million.

The Nets agreed to trade Jeremy Lin to Atlanta, the Hawks announced. The Hawks will acquire a 2025 second-round pick and the right to swap second-round picks in 2023 with the Nets, who acquired the draft rights to shooting guard Isaia Cordinier and a protected 2020 second-round pick. The Nets acquired forwards Kenneth Faried and Darrell Arthur along with a 2019 first-round pick from the Nuggets. The Nets also received a second-round pick in 2020 in the trade. They sent guard Isaiah Whitehead to Denver, which waived him.

Lakers guard Lonzo Ball is scheduled to undergo arthroscopic surgery Tuesday for a torn meniscus in his left knee. General manager Rob Pelinka said this week that Ball will be fully healthy for training camp.

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