Alex Caruso Inks Lucrative 4-Year Deal with Chicago Bulls
Significant Salary Bump and Contract Details
Alex Caruso has secured a substantial financial upgrade by signing a 4-year contract worth $36,980,000 with the Chicago Bulls. This includes a guaranteed amount of $30,090,000 and an impressive average annual salary of $9,245,000. The contract guarantee is subject to increase to the full amount if not waived by June 30, 2024.
Impressive Salary Increase
Caruso's new contract represents a significant salary increase compared to his previous earnings. He is making a staggering 476 percent more than his salary in 2022-23, demonstrating his value to the Bulls. By the end of the next season, Caruso will become an unrestricted free agent, providing him with the opportunity to explore his options in 2025.
Estimated Contract Breakdown
An estimated breakdown of Caruso's contract reveals the following:
- 2023-24: $8,500,000
- 2024-25: $9,000,000
- 2025-26: $9,500,000
- 2026-27: $9,980,000
Comparison to Similar Contracts
It is noteworthy that Caruso's contract is comparable to the deal signed by Shai Gilgeous-Alexander with the Oklahoma City Thunder. Gilgeous-Alexander's contract, which is expected to expire after the upcoming season, is approximately $15 million less for the next season.
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