Oh boy, this may not be good for the Chicago Bulls. Adrian Wojnarowski of ESPN reports that the Bulls could be facing massive fines and loss of draft capital. These penalties would be a product of the team's sign-and-trade deal with the New Orleans Pelicans to acquire Lonzo Ball in August.
This investigation has been ongoing since September. The NBA could fine the Bulls up to $10 million. The Miami Heat are also being investigated for their sign-and-trade deal to acquire Kyle Lowry. Team executives could also face suspension as a result of the investigation. The Bulls are off to a hot start in 2021 with an 8-3 record, sitting tied for the top spot in the Eastern Conference.
It's all just speculation right now, but this situation is definitely something to monitor. The Bulls gave up three total first-round picks between the Nikola Vucevic trade and the DeMar DeRozan sign-and-trade deals. They were able to recoup a first-round pick in the Lauri Markkanen trade with Cleveland, but they still lack significant draft picks. Hopefully the Bulls don't lose out on assets because of this.