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Bulls F Taj Gibson agrees to 4-year extension

Associated Press Modified: November 1, 2012 at 12:02 am •  Published: October 31, 2012

CHICAGO (AP) — Taj Gibson agreed to a four-year, $38 million contract extension with the Chicago Bulls, just before the NBA deadline Wednesday night.

Gibson broke the news following a season-opening win over Sacramento, after emerging from a meeting with executive vice president of basketball operations John Paxson and general manager Gar Forman. The new deal kicks in after the season, and it locks in one of Chicago's key players for the long term.

"Just having Gar and Pax come in there and say, 'We want you here for a long time,' brought tears to my eyes because I said I wanted to be here for a long time," Gibson said. "I want to retire here. It was great."

It was a stunning reversal considering Gibson said before the game that he was turning down Chicago's offer and didn't expect an agreement.

The sides had until 10:59 p.m. to reach a deal, and they worked it out just in time. Otherwise, Gibson would have become a restricted free agent after the season, meaning the Bulls would have had the right to match any offer he received.

So what changed? Paxson and Forman stressing after the game just how much they wanted to get the deal done helped. Having some time to think about it did, too.

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