The Bulls and point guard Lonzo Ball have agreed to terms on a two-year, $20MM contract extension, according to Shams Charania of ESPN ( Twitter link ). K.C. Johnson of the Chicago Sports Network first reported ( via Twitter) that the two sides were finalizing a new deal.

The Bulls have received trade interest in Lonzo Ball all season but sources tell @TheSteinLine that they have not been eager to trade him and are resistant to buying Ball out if he

A recent report suggests that the Bulls are hesitant to trade Lonzo Ball despite the plethora of rumors that continue to swirl.