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K.C. Johnson: Deal is for two years, $17M with team option for second season, per source
Shams Charania: Mark Bartelstein of @PrioritySports and the Bulls worked over the last few days to beat the 11:59 pm ET deadline tonight to complete the deal as an extension and keep Collins off the free agency market.
Yossi Gozlan: The Bulls can give Zach Collins this contract with their $9.4 million room mid-level. They should still maintain $32 million in cap space.
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Joel Lorenzi: Zach Collins says “I’d love to be back here.” Says when he landed in Chicago at last year’s deadline that he found a lot of confidence and rhythm.
Michael Scotto: Chicago Bulls say Jaden Ivey has been diagnosed with left knee soreness and will be re-evaluated in two weeks. Zach Collins, who’s been out with a right toe sprain, will have surgery and miss the rest of the season after further evaluation from training and medical professionals.
Joel Lorenzi: Asked if there’s a chance Zach Collins could be ruled out for the year with his lingering toe issue, Billy Donovan says “that could happen.” Notes the ramp-up period once he removes the boot, and that the two weeks after his boot is removed will be pivotal in that decision.
K.C. Johnson: Zach Collins will be in walking boot for at least a couple more weeks, per Donovan
Backup big Zach Collins met with multiple doctors Tuesday, looking for additional opinions about his sprained right toe. The Bulls expect to have more clarity on his return timeline when they get back to Chicago, but he may be sidelined longer than first thought.
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Will Gottlieb: Injury updates from Billy Donovan: Giddey is back on the court but hasn’t gone into full ramp up mode. No setbacks, but also no timeline Collins has gotten multiple opinions on his toe, is having an in person consultation on Wednesday. Still in a boot. Sounds like he will not need a procedure
Joel Lorenzi: Bulls lose by 35 at home vs Wolves, one point shy of season’s worst loss. Lost White very early, lost Giddey early into second half. Without Collins for at least a week. These next few weeks could get nasty.

The Bulls have upgraded Ayo Dosunmu (right thumb sprain) to questionable for Friday’s game against Cleveland. Zach Collins (left wrist soreness) is probable and Tre Jones (left hamstring tightness) is questionable.