While the Chicago Bulls franchise is looking to revamp their organization, their vice president of basketball operations John Paxson is ready to step down.

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The Sun Times reported that the Paxson will step down, but does not discount a later advisory role. The news came a few days after reports of the Bulls looking for a new top executive. Last week, ESPN reported that the franchise was looking for a new person for the basketball operations.

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Ownership has discussed the plan with Executive VP of Basketball Operations John Paxson and GM Gar Forman, sources said. Paxson is likely to continue in an advisory role with franchise; there are expected to be more conversations with Forman about his future too.

Adrian Wojnarowski
Adrian Wojnarowski
@wojespn

Story filed to ESPN: The Chicago Bulls have started a formal search process to hire a new top executive with full authority on basketball decisions, sources tell ESPN.

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Chicago Bulls are already short-listing candidates

The Bulls do not seem to delay things to bring in a new executive. As per Adrian Wojnarowski of ESPN, Denver Nuggets GM Arturas Karnisovas and Toronto GM Bobby Webster are on the Bulls’s radar. Also, the Bulls are seeking to interview these candidates soon.

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A few other reports suggest other candidates to fill the role at the Bulls. These candidates include Indiana Pacers’ Chad Buchanan and Miami Heat‘s Adam Simon.

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