Pau Gasol officially opts out of contract with Bulls

Center/forward Pau Gasol will not pick up his player option with the Chicago Bulls and will be an unrestricted free agent.

What It Means:

This was expected to happen and now it's official. Gasol is believed to be a target of the New York Knicks, which would be a great place for him to land. He can always re-sign with the Bulls, but that likely won't happen, as they are a club trying to change their identity.

Gasol posted a solid 4.5 nERD, which ranked 39th, in 72 games played this season. He averaged 16.5 points, 11.0 rebounds, 4.1 assists, and 2.0 blocks per game, while recording a 52.9 True Shooting Percentage.