Former Bulls GM Jerry Krause

Jerry Krause, a scouting agent for the Arizona Diamondbacks, center in red hat, watches as the Kane County Cougars play Beloit at the Fifth Third Bank Ballpark in Geneva, Ill., on June 27, 2012.

Jerry Krause, Chicago Bulls general manager, answers questions for the media at the conclusion of the workout for Chinese basketball player Yao Ming on May 2, 2002.

Chicago Bulls general manager Jerry Krause makes his way from the United Center floor to Bulls locker room on May 6, 1998.

Jerry Krause with the Chicago Bulls’ new draft pick Jay Williams as they meet in the hallways of the United Center before the start of the team’s news conference on June 27, 2002.

Chicago Bulls owner Jerry Reinsdorf, right, confers with general manager Jerry Krause during a news conference on July 23, 1998.

Tyson Chandler wrote the initials of former Bulls General Manager Jerry Krause on his shoe, in honor of his retirement in 2003.

Jerry Krause looks over at his No. 1 Bulls pick Jay Williams as he addresses reporters during a press conference on June 27, 2002.

Jerry Krause at the press conference announcing Bill Cartwright as the next Bulls head coach on March 11, 2002.

Jerry Krause reacts at the 1999 NBA draft Lottery in Seacaucus, N.J., as NBA Deputy Commissioner Russ Granik announces the Bulls will get the first pick in the upcoming draft.

Bulls general manager Jerry Krause on Oct. 4, 1999.

Jerry Krause addresses the media during a press conference on Jan. 11, 1999.

Bulls GM Jerry Krause looks at his watch during a press conference with coach Phil Jackson at the Berto Center on May 15, 1997. They announced that Jackson had re-signed with the team for a 1-year contract.

Jerry Krause and Jerry Reinsdorf celebrate a Bulls win over the Jazz in the NBA finals in 1997.

Michael Jordan attends a press conference to announce a contract extension on Sept. 20, 1988 that will insure Jordan’s remaining a part of the Bulls organization for the next eight years.   (Val Mazzenga / Chicago Tribune)

Jerry Krause share a laugh with Charles Oakley at a press conference, where the No. 1 draft choice signed a three-year contract on Sept. 26, 1985.