Marc Stein’s sources it could be close to a done deal: “The Bulls are prepared to sign Tracy McGrady if he proves to be sufficiently healthy in a workout Monday and can convince the team he is willing to accept a bench role, one source familiar with Chicago’s thinking said Sunday. “Nothing is done until it’s done, but I expect the Bulls to sign McGrady later this week,” the source said. Another unknown is what kind of contract McGrady can command from the Bulls. But McGrady has said money and years are not priorities after earning nearly $23 million last season with Houston and New York… McGrady, 31, would be Chicago’s sixth acquisition this offseason, joining Carlos Boozer, Kyle Korver, Ronnie Brewer, C.J. Watson and Kurt Thomas.”

Additionally, on Saturday McGrady was asked by a fan named Ralph about the chances of him signing with the Bulls. Tmac’s response?

Tracy McGrady.

If Chicago signs McGrady, are they legit contenders. If they don’t sign him, are they still legit?