As the Bulls conduct their search for a new leader of basketball operations, the prevailaing belief had been that Paxson would transition to an advisory role, given the affinity chairman Jerry Reinsdorf and president Michael Reinsdorf have long had for him and his work.
Paxson took over as Bulls general manager in 2003 and later received a promotion to his current role of executive vice president of basketball operations. The Bulls have made 11 playoff trips in the 16 full seasons under Paxson's watch but have won just five playoff series in that time and have had just one trip to the Eastern Conference finals.
The Bulls have already interviewed Jazz general manager Justin Zanik for their lead executive role and plan to interview Nuggets general manager Arturas Karnisovas, according to reports.