Various sources report that Celtics assistant Tom Thibodeau has formally accepted an offer to become the Bulls' head coach.  The announcement will not be made until after the Finals are over.  It increasingly appears that Avery Johnson is now the front-runner for the Nets' job although Rod Thorn has not completed his interview process and has not identified his possible "surprise" candidate. 

According to ESPN's Ric Bucher, the three year deal (two guaranteed) is worth $6.5 million, at the low end of NBA coaches, and the Bulls made it take-or-leave-it.  It's not been reported whether the Nets offered Thibodeau a financial package.

Earlier Satuday, Adrian Wojnarowski and Marc Stein reported that Thibodeau had declined the Hornets offer and New Orleans decided to hire Blazer assistant Monty Williams, who was also believed to be on Thorn's short list.  

• Thibodeau turned down Nets' job - Frank Isola - New York Daily News
  
• Sources: Thibodeau accepts Bulls' offer - K.C. Johnson - Chicago Tribune
• Boston Celtics assistant Tom Thibodeau accepts offer to coach the Chicago Bulls - ESPN Chicago
  
• Sources: Williams to become Hornets coach - Adrian Wojnarowski - Yahoo! Sports
• Sources: Tom Thibodeau turns down Hornets, who turn to Monty Williams - Marc Stein - ESPN Chicago
  
• Thibodeau nears deal to take over Bulls - Frank Isola - New York Daily News
• Chicago Bulls coach search: Expect offer to Tom Thibodeau soon - K.C. Johnson - Chicago Tribune
• All Signs Pointing to Tom Thibodeau as Next Bulls Coach - Sam Smith - Chicago Bulls
  
• New Orleans Hornets, Monty Williams to begin negotiations - John Reid - New Orleans Times-Picayune