Jul 08, 2009 7:43 PM EST

The Bulls and guard Jannero Pargo agreed to a contract on Wednesday.

“He loved his time with the Bulls here earlier,” agent Mark Bartelstein said. “He grew up [in Chicago]. Just the opportunity to come back was very appealing to him.”

The contract is a one-year deal for $2 million, which is approximately the amount of money the Bulls had to work with under the luxury-tax threshold.

Via Northwest Herald