Norman Powell agrees to 2-year, $45 million deal with Bulls: report

Norman Powell, a 33-year-old former second-round draft pick who has received All-Star consideration in both conferences over the past two years, has agreed to a two-year, $45 million contract with the Chicago Bulls, according to ESPN.

Powell averaged 21.7 points (on 47/38/83 shooting splits), 3.5 rebounds and 2.5 assists in 29.6 minutes per game for the Miami Heat this past season, making his first All-Star team.

A season earlier, Powell averaged 21.8 points (48/42/80) as a shooting guard for the Los Angeles Clippers, counting himself among the NBA's All-Star snubs that season. His Clippers pushed the Denver Nuggets to seven games in a first-round series in 2025.

Powell's Heat failed to make the playoffs last season, as he suffered a groin injury after the All-Star break, and Miami struggled to score as a result. He never fully recovered and played just 19 minutes off the bench for Miami in a play-in loss to the Charlotte Hornets.

There was some hope in Miami that the Heat could retain Powell, who signed a five-year, $90 million deal in 2021. They have, after all, agreed to acquire Giannis Antetokounmpo from the Milwaukee Bucks, forming a should-be contender with Bam Adebayo also in the fold. But the deal for Antetokounmpo hard-capped the Heat at the first apron (around $209 million), leaving them just $18 million to fill out a roster now devoid of depth.