SECAUCUS, New Jersey (Ticker) -- The massive rebuilding process of the Chicago Bulls is off to a good start as they received the top overall pick in the 1999 draft in today's NBA lottery. Less than a year after the dismantling of their dynasty began, the Bulls are in terrific position to return to their winning ways. The top pick is one of three they may have in the first round. "It's a great position to be in," said Bulls general manager Jerry Krause, whose team had not been in the draft lottery in 10 years. "We're looking forward to the things that will happen from it." The draft does not appear to have an impact player but is loaded with underclassmen, including Duke freshman Corey Maggette. The athletic forward is a Chicago native who reportedly decided to leave school after being told he would not slide past the Bulls, regardless of where they select. After winning six championships in eight years, the Bulls saw the resignation of coach Phil Jackson, the retirement of superstar Michael Jordan and the free-agent defections of stars Scottie Pippen and Dennis Rodman and a host of other players. With many new young players, the Bulls endured a 13-37 mark, the worst in franchise history. They were the worst team in the Eastern Conference and finished with the third-worst record in the NBA behind the Vancouver Grizzlies (8-42) and Los Angeles Clippers (9-41). The Bulls had a 15.7 percent chance of winning the lottery and defied the odds, leaping ahead of Vancouver and Los Angeles. For the ninth straight year, the team with the worst record will not have the first pick. The Grizzlies had a 25 percent chance of receiving the top pick but were bumped to second. The Clippers owned a 20 percent chance at the top pick but were bumped to fourth by the Bulls and Charlotte Hornets, who will pick third. The Hornets finished 26-24, the best record among non-playoff teams. They had roughly 18 chances in 1,000 of receiving one of the top three picks but immediately threw the selection order out of whack when their team placard was not the first opened by NBA deputy commissioner Russ Granik.  