Updated: October 31, 2012, 7:13 am ET

Bulls, Gibson Inching Toward Extension?

By HOOPSWORLD
Basketball News & NBA Rumors

The Bulls and Taj Gibson have made progress on extension talks, however negotiations have to be completed by 11 p.m. Wednesday to avoid Gibson becoming a restricted free agent next summer.

The Bulls are holding firm on a four-year extension believed to be in the neighborhood of $30 million to $32 million because Gibson can’t be offered a deal by other teams next summer structured with a poison pill provision

via K.C. Johnson of the Chicago Tribune

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