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Bulls closing in on deal with first-round pick Teague

CBSSports.com wire reports
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CHICAGO -- A person familiar with the situation says the Chicago Bulls were closing in on a contract with first-round draft pick Marquis Teague.

The person spoke Tuesday on the condition of anonymity because a deal had not been announced.

The Chicago Tribune, citing sources, reported Teague will earn his slotted salary of $857,000 next season and is expected to make 120 percent of the slotted rate in the following years.

A Kentucky product, Teague was taken with the 29th pick and is expected to fill a backup role at point guard. The Bulls signed Kirk Hinrich and Nate Robinson in an effort to get by while Derrick Rose recovers from a major knee injury.

Teague averaged 10.0 points and 4.8 assists to help Kentucky win a national title in his lone season. Older brother Jeff plays for Atlanta.

Copyright 2014 by STATS LLC and The Associated Press. Any commercial use or distribution without the express written consent of STATS LLC and The Associated Press is strictly prohibited.
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