CHICAGO – The Chicago Bulls fan whose confrontation with Antonio Davis’s wife led the Knicks forward to rush into the stands will not sue the player and his family.

In a joint statement released yesterday, Michael Axelrod and the Davises said: “It’s clear that the episode at the United Center last week, and its aftermath, evolved from some misunderstandings. This has produced regrets from all parties involved. Common sense strongly suggests that we collectively put this episode behind us and move on. That’s what the Davises and Michael Axelrod plan to do, and we hope everyone else will, as well.”

Axelrod’s attorney, Jay Paul Deratany, said in a telephone interview: “Both sides expressed regret for any miscommunication that occurred. Both parties want to move forward – with being a fan and watching the game and being a ballplayer. They’ve expressed their regret and that’s good enough for the family. And we’re satisfied with the result.”

Axelrod and Kendra Davis exchanged words during last Wednesday’s Bulls-Knicks game, and the trouble escalated from there. Another fan became involved, and Antonio Davis vaulted over the scorers table and into the stands during a timeout in overtime. He was ejected and, ultimately, suspended for five games by the NBA. He issued a statement after the game saying a drunk fan had touched Kendra.

The next day, Axelrod said he had only one glass of wine with dinner a few hours earlier and had threatened to sue for at least $1 million. On Friday, Axelrod and his attorney said they would drop the issue if the Davises issued a public apology.

The Davises refused. But agent Bill Duffy and Axelrod’s father David – a prominent Democratic political consultant who has worked with Senators Barack Obama and Hillary Clinton – continued to talk.

“It’s good to come to a sensible resolution of this matter, especially where good people are involved,” Duffy said in the statement. “You have two strong, wonderful families, and there’s no reason why a heated moment should divide them.”

David Axelrod said in the statement: “Emotions always get cranked up after incidents of this type. It’s good to step back and let common sense prevail.”

Michael Axelrod, 22, works for his father and for Deratany, a family friend. Deratany had given the Davises a week to apologize before filing a battery lawsuit against Kendra Davis and a slander suit against her husband.

“It’s never been our desire to push this forward,” Deratany said. “It’s always been our hope that we could resolve this amicably and without litigation.”

The incident sparked memories of last season’s brawl in Detroit involving fans and players during a game between the Detroit Pistons and Indiana Pacers, which resulted in lengthy suspensions and criminal charges for Indiana’s Ron Artest, Stephen Jackson, and Jermaine O’Neal.

Davis, who started his suspension Thursday night in a 105-79 loss to the Pistons, has three games remaining on his five-game suspension. He’s eligible to return on Saturday night, when the Knicks travel to Philadelphia.