Jan 7, 2014, 1:30 AM EDT
The Chicago Bulls have agreed to trade Luol Deng to the Cleveland Cavaliers for Andrew Bynum and a first round pick (the Kings’ pick owned by the Cavs that is top 12 protected this season, top 10 protected the next couple), the teams have announced. This was a story broken by Shams Charania of Real GM and quickly confirmed by Brian Windhorst of ESPN and Aggrey Sam of CSNChicago.com.
“We have great respect for Luol Deng, as a player and a person. He has been an incredible contributor to our team on the court, and he has also done great things in the community. On behalf of the entire Bulls organization, I want to thank Luol for his years in Chicago. The moves made today will put us in a better position to make the entire roster stronger for the future and to compete for a championship,” said Bulls GM Gus Forman in a statement released by the team.
Deng had rejected a three-year, $30 million extension from the Bulls last week, reports Adrain Wojnarowski of Yahoo Sports. That made the Bulls think he was leaving this summer as a free agent, so they wanted to get something for him.
The Cavs had wanted to upgrade at the three and get a guy who could help them make a push toward the playoffs in the East — Deng gives them a real chance at that (although it’s going to take more than just Deng to get them there, Kyrie Irving has to be healthy and better). The Cavaliers are just three games out of the playoffs in the East so the playoffs remain a reasonable goal. The real risk for them is that they are unable to re-sign free agent to be Deng this summer — if he walks this is a little bit of a loss, but not really a big one because the Cavs would have waived Bynum themselves. This was a solid gamble.
The Bulls will waive Bynum Tuesday and with that save $15 million this season to get under the luxury tax. As we have noted before, if they now amnesty Carlos Boozer this summer (as expected) the Bulls will have about $10 million at least cap space to go after another free agent to go with a core of Derrick Rose, Joakim Noah, Taj Gibson and Jimmy Butler. Plus Bulls management believes Nikola Mirotic (who is still playing well in Europe but is expected to be in the NBA next season) will be a big part of that future. The Bulls now also potentially have the Sacramento pick in this draft (top 12 protected, so the Bulls probably don’t get it it this year) and Charlotte’s first rounder (top 10 protected) not to mention their own pick to add some depth to that core.
While Rose’s people have leaked he doesn’t want to be part of a rebuilding process, this isn’t a full “tear it down” rebuild, by the time he returns this will be a good and potentially very good team.
This shows why the Cavaliers were not willing to throw in another pick or piece in talks with the Lakers — they had coveted Deng more than Pau Gasol and were willing to give up more to get him.
Aug 20, 2014, 12:01 AM EDT
Bryant appears on latest Sports Illustrated cover.
Aug 19, 2014, 10:29 PM EDT
Highlights only serve as a reminder of just how bad things were in Los Angeles.
Aug 19, 2014, 8:57 PM EDT
Derrick Rose, not so much.
Report: Agent for Greg Monroe pursued sign-and-trade deals with five teams, including Thunder and Blazers
Aug 19, 2014, 7:21 PM EDT
Monroe will sign qualifying off with Pistons if no deal is in place by Oct. 1.
Aug 19, 2014, 6:00 PM EDT
Bonner now drives a 2014 Chevy Impala.
Aug 19, 2014, 5:00 PM EDT
I would pay good money to see this, even though I wouldn’t understand a word.
Aug 19, 2014, 4:01 PM EDT
I think the Pelicans are a playoff team next season.
Aug 19, 2014, 3:18 PM EDT
He’s fine, it’s just precautionary.
Aug 19, 2014, 2:59 PM EDT
I wouldn’t be shocked if this happened. Eventually.
Aug 19, 2014, 2:24 PM EDT
He’s 74, seems like a good time to hang it up.
Aug 19, 2014, 1:43 PM EDT
Derrick Rose had another light day.
Aug 19, 2014, 1:10 PM EDT
Ballmer sounded a little raspy and hoarse while on the Dan Patrick show Tuesday. Wonder why?
Aug 19, 2014, 12:43 PM EDT
From the outside looking in, it seems three spots will be divided between Mason Plumlee, Andre Drummond, Chandler Parsons, Gordon Hayward and Kyle Korver.
Aug 19, 2014, 12:24 PM EDT
They need him healthy this season, same with Deron Williams.
Aug 19, 2014, 11:17 AM EDT
The myth of Kobe Bryant continues to grow.
Aug 19, 2014, 10:34 AM EDT
This is likely a camp contract.
Aug 19, 2014, 9:58 AM EDT
Aug 19, 2014, 9:21 AM EDT
Harden is far from the first player to make this declaration.
Aug 19, 2014, 8:44 AM EDT
This is cool. Maybe not so practical, but cool.
Aug 19, 2014, 8:00 AM EDT
He’s a pick-and-pop big some team may want off their bench.
- Derrick Rose sits out another Team USA practice, not likely to start Wednesday 18
- DeMarcus Cousins practices with team USA Tuesday, says he’s 50-50 for Wednesday game 2
- Jim Boeheim says of Carmelo Anthony, “it would have been better to go to Chicago” 30
- Steve Ballmer screams like a maniac at Clippers rally 26
- Thibodeau calls Team USA “perfect setting” for Derrick Rose to make return 6
- What four players left likely to get cut from Team USA roster? Things don’t look good for Andre Drummond. 19
- John Calipari says he was not close to going to Cleveland. LeBron or not. 12
- Report: Shawn Marion commits to play with Cavaliers, LeBron James 47