The Chicago Bulls are hiring Denver Nuggets general manager Arturas Karnisovas to become the franchise’s new executive vice president of basketball operations according to reports. 

The sides were finalizing contractual details on a multiyear deal late Wednesday night, after the team offered the job to Karnisovas shortly after completing a second round of interviews, sources said.

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Karnisovas will replace John Paxson, who has been running the Bulls’ basketball operations since 2003.

Karnisovas will be tasked with reshaping the totality of an organization that has failed to reach the postseason the past two seasons, including hiring a new general manager and additional basketball operations and scouting positions, sources said.

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