Mike Dunleavy Jr. Officially Signs With Chicago Bulls

Veteran small forward Mike Dunleavy Jr. has agreed to a new deal with the Chicago Bulls. 

UPDATE: Wednesday, July 10, at 12:50 p.m. ET by Brandon Galvin

The Chicago Bulls have officially introduced Mike Dunleavy as the team's newest member:

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The Chicago Bulls announced today the team has signed free agent guard/forward Mike Dunleavy. In accordance with team policy, terms of the contract were not announced.

'We are extremely excited to add Mike to our team,' said Bulls General Manager Gar Forman. 'He was a priority for us from the second free agency began and we feel he will be a terrific fit for us, both on and off the floor.'

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ESPN's Marc Stein originally reported the news:

The Chicago Bulls' priority this offseason is becoming increasingly clear—they need shooters. 

Nate Robinson and Marco Belinelli are hitting free agency, Richard Hamilton has an expensive team option, and for a squad expected to make a run at dethroning the Miami Heat in the East, the need for role players off the bench is obvious. 

Dunleavy, although not much in terms of being a high-profile signing, can be just that. 

In 75 games with the Milwaukee Bucks last year, the 32-year-old vet shot a career-high 42.8 percent from beyond the arc. He may not be as much of an all-around scorer as he was earlier in his career, but he has proven to be a dangerous perimeter threat over the past few years.

He has averaged 1.6 three-pointers made and shot nearly 40 percent from deep over the past five seasons with the Bucks and Indiana Pacers.

In addition to being an outside threat, though, Dunleavy also adds some solid size at 6'9" and rebounding ability (4.5 per game throughout his career). 

The need to add players who are capable of knocking down shots from the outside is likely now complete for the Bulls, who just drafted Tony Snell and Erik Murphy.

Again, this isn't a signing that will win the Bulls a championship. But it's a piece they needed to add, and it's a sign they are attacking the offseason with an efficient approach.