The Chicago Bulls have resigned Mike Dunleavy to a new contract.
According to ESPN, the guard/forward has signed a three-year contract worth $14 million.
The 34-year-old has had 124 starts for the Bulls in the last two seasons, and was one of the top performers last season especially in the playoffs.
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He averaged 9.4 points from 63 games last season, and in the playoffs, he averaged 10.9 points.
Last season, he also shot 41 per cent from the three-point range, and this was 48 per cent in the playoffs.
Dunleavy had the following words to say to the ChicagoTribune.com about his new contract.
He said: “I’m thrilled to be back. I think it’s a really fair deal. I’m looking forward to playing for (new coach Fred Hoiberg) and love our team.
"I have a great feeling about this group and that’s a big reason why I’m back.”
Dunleavy is still searching for his first NBA title as he enters his fourteenth year in the league. Despite other teams in the league being interested in his services, he chose to stay in Chicago.
“I think we have a chance to have a really good team that competes at the highest level,” said Dunleavy on the Chicago Bulls website.
“I know my teammates. I know what I’m getting into as opposed to the other options, the unknown. I think my skill set and knowledge and things I bring to the table…is needed on the roster.
"So I think it works for both sides. It appeals to me and appeals to them.”
The Bulls came close last season to the NBA Finals, losing to eventual finalists the Cleveland Cavaliers in the Eastern Conference semifinals. The Bulls fired coach Tom Thibodeau and hired Fred Hoiberg to replace him.
The Bulls have also signed backup guard Aaron Brooks to a new contract as well. The 30-year-old averaged 11.6 points last season.