The agreement was reached just hours before NBA teams could begin negotiations with free agents.

The Sun-Times had previously reported that Williams was the organization's top priority in the offseason. The 22-year-old, who was drafted as the fourth overall pick in 2020, had shown promise and potential during the 2023-24 season, albeit with some inconsistencies, before being sidelined due to foot surgery after playing 43 games.

Despite the injury setback, the Bulls remain confident in Williams' abilities as a three-and-"D" wing player. With his emergence as one of the team's top defenders and a career three-point shooter at 41%, the Bulls view Williams as an integral part of their future plans.

As a restricted free agent, the Bulls had the option to match any offers made to Williams. However, they chose to proactively secure his services, not wanting to risk losing him to the uncertainty of the market. This decision mirrors their approach last year when they signed Coby White to a long-term contract at this same juncture.

While Williams' deal signifies a significant step in solidifying the team's core, there are other impending issues that the Bulls need to address. One of the pressing matters is the future of free agent DeMar DeRozan, whose status remains uncertain. Additionally, ongoing trade talks surrounding Zach LaVine continue to generate interest and speculation within basketball circles.

The Bulls' commitment to Patrick Williams is a statement of their belief in his talent and potential. With the young forward secured for the long term, Chicago can now shift its focus towards resolving other roster questions and building a competitive team for the upcoming season.