Source: Bulls to sign Boozer

The Chicago Bulls have reached agreement with Carlos Boozer(notes) on a five-year contract worth $80 million, league sources told Yahoo! Sports.

The Bulls moved quickly to secure a commitment from Boozer after Dwyane Wade(notes) decided to re-sign with the Miami Heat and bring Chris Bosh(notes) with him.

Boozer joins a talented young core that includes point guard Derrick Rose and center Joakim Noah. The Bulls also have enough salary-cap room left to sign another player to a maximum contract.

Boozer mentioned the Bulls last summer as a team in which he hoped to be traded. Three of his six seasons with the Utah Jazz were cut short by injuries, but he missed just four games last season while averaging 19.5 points and 11.2 rebounds.

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Updated Wednesday, Jul 7, 2010