Sources: Bulls’ Jim Boylen in line to make $1.6 million this year, next

The Chicago Bulls are ensuring just $1 million in pay for Jim Boylen’s agreement for next season, giving the franchise financial flexibility should it choose to make an coaching change in the offseason, association sources told ESPN’s Adrian Wojnarowski and Malika Andrews on Saturday.

Boylen, who was elevated from associate head coach on Dec. 3 following the terminating of Fred Hoiberg, arranged the deal himself with the association, sources said.

In the revised deal, Boylen will make $1.6 million next season if the team keeps him as head mentor, alliance sources said. He already was ensured the about $1 million in his past contract as associate head coach.

Boylen additionally will make $1.6 million this year under the terms of the revised agreement.

The agreement is like the agreement the Cavaliers gave Larry Drew when they elevated him to replace the fired Tyronn Lue earlier this season.

Boylen is the fifth head coach that general manager Gar Forman and vice president of basketball operations Jim Paxson have hired for the Bulls. Chicago is 5-13 since terminating Hoiberg on Dec. 3 and has lost its past six games.