Chicago Bulls close to signing Nazr Mohammed

CHICAGO -- Omer Asik's days with the Chicago Bulls appear to be over.

While the organization still hasn't seen the offer sheet Asik has apparently signed with the Houston Rockets, it seems they have decided to move on without him. A league source confirmed late Saturday night that the Bulls are on the verge of signing veteran center Nazr Mohammed.

While the deal hasn't become official yet, veteran NBA writer Peter Vecsey tweeted Saturday night that Mohammed has decided to sign with the Bulls over the Brooklyn Nets and both teams have been notified about the decision.

Mohammed's addition almost certainly means that the Bulls will not match the three year, $25.1 million dollar offer sheet the Rockets gave Asik. The deal that the Rockets structured would have meant the Bulls would have been on the hook for an almost $15 million cap hit in the final year of the contract. Obviously, the Bulls decided they did not want to put that type of financial hit on their cap, especially given the Bulls' current cap situation and the likelihood that Mohammed will be signed for the veteran's minimum.

http://espn.go.com/chicago/nba/story/_/id/8188428/source-chicago-bulls-close-signing-nazr-mohammed