Parker hits free agency after Bucks rescind qualifying offer

Chicago Bulls

Chicago Bulls

Jabari Parker is headed back to Chicago.

He may be leaving for Chicago but before that big announcement, former Bucks' Jabari Parker was spotted playing a game of hoops with local residents in Milwaukee's Bay View neighborhood.

The Bulls have an option on the second year of Parker's deal, meaning he effectively has a season to prove his form and fitness. Going further, Parker reportedly has some level of interest in heading home.

The Bulls also announced the release of guard Julyan Stone and forward Paul Zipser.

Parker, a Chicago native, has torn his ACL in his left knee twice during his career.

The Bulls will now need to sign Parker to an offer sheet, which the Bucks will have 48 hours to match.

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If the Bucks had rescinded their qualifying offer, Parker would've been an unrestricted free agent, free to sign with any team.

Parker, who was selected No. 2 overall in the 2015 NBA Draft, averaged 12.6 points and 4.9 rebounds per game last season.

Parker has shown the promise to be an elite scorer in the league.

He figures to start at small forward, with Kris Dunn and Zach LaVine in the backcourt, Lauri Markkanen at power forward and either rookie Wendell Carter Jr. or veteran Robin Lopez at center. The Bulls snatched Parker up just moments after he became an unrestricted free agent earlier today. The hope is that he can recapture his form last season prior to the injury where he was averaging a career-best 20.1 points on 49.0 percent shooting from the floor and 36.5 percent from beyond the arc along with 6.2 rebounds per contest.

A product of the famous Simeon High School in Chicago, the Chicago Bulls signed the hometown player to a two-year, $40M deal.

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