The Bulls and Arturas Karnisovas have reached agreement in principle and are negotiating a deal to make Karnisovas their new head of basketball operations, sources confirmed.
As head of basketball operations, Karnisovas will have authority to hire a new general manager, build out the organizational infrastructure and will have full autonomy over basketball operations, including deciding the future of the coaching staff, sources said.
John Paxson is expected to move into a senior advisory role with no daily presence around the team, sources said. He has offered to help Karnisovas in any manner in which Karnisovas sees fit.