Paxson: Bulls in better spot

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CHICAGO (AP) - John Paxson insisted the Chicago Bulls are in a good position. And the Bulls' top executive hopes they are never in this spot again.

The Bulls went 27-55, their worst record since the 2003-04 season, and missed the playoffs for the second time in three years. But they are staying the course after going all-in on rebuilding.

Paxson, Chicago's executive vice president of basketball operations, praised coach Fred Hoiberg and said he will "absolutely" return for a fourth season.

The Bulls believe they set themselves up for long-term success when they traded Jimmy Butler to Minnesota for Zach LaVine, Kris Dunn and Lauri Markkanen on draft night last year. All three players they landed showed promise, with Markkanen emerging as one of the league's top rookies.

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