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Bulls Officially Acquire DeMar DeRozan From Spurs Via Sign-And-Trade

August 11th, 2021 at 3:27pm CST by Luke Adams

The Bulls and Spurs have officially finalized the sign-and-trade deal sending veteran forward DeMar DeRozan to Chicago, reports Chris Haynes of Yahoo Sports (Twitter link).

DeRozan confirmed (via Twitter) that his deal with Chicago, which was first reported last Tuesday, is now done, while the Bulls and Spurs issued press releases announcing the move. DeRozan reportedly received a fully-guaranteed three-year, $85MM commitment from Chicago

In exchange for the four-time All-Star, the Spurs received forwards Thaddeus Young and Al-Farouq Aminu, a future protected first-round pick, the Lakers’ 2022 second-round pick, and the Bulls’ 2025 second-round pick. The earliest the Spurs will receive that first-round pick from Chicago is in 2025, since the Bulls owe a top-four protected 2023 first-rounder to Orlando.

[RELATED: Hoops Rumors Glossary: Ted Stepien Rule]

The move punctuates a productive offseason for the Bulls, who also landed Lonzo Ball in a sign-and-trade with New Orleans and signed Alex Caruso using the mid-level exception. They’ll join a group led by Zach LaVine and Nikola Vucevic as Chicago looks to get back to the playoffs for the first time since 2017.

While DeRozan’s lack of a three-point shot (he has made 35 in the last three seasons) is an oddity for a wing in the modern NBA, his mid-range game is deadly and he has become a legitimately dangerous play-maker, averaging a career-best 6.9 assists per game in 2020/21 to go along with his 21.6 PPG and 4.2 RPG. Opponents will have a tough time stopping lineups featuring him, LaVine, and Vucevic, even if it won’t be the most stout group defensively.

The Sixers, Suns, Trail Blazers, Warriors, Celtics, Clippers, and Knicks were reportedly among the teams to express interest in DeRozan, but some of those clubs went in different directions and several didn’t have the ability to match or top the Bulls’ offer to the 32-year-old.

With Ball, DeRozan, and Caruso officially locked up, the Bulls will focus on resolving Lauri Markkanen‘s contract situation. The restricted free agent forward is reportedly looking for a fresh start away from Chicago, but the Bulls won’t want to let him walk without getting an asset or two in return.

The Spurs, meanwhile, are now free to move forward on completing the rest of their reported free agent signings, including Zach Collins, Bryn Forbes, and Jock Landale.

The DeRozan deal had been the last trade reported during the 2021 offseason that hadn’t yet been finalized. All of this month’s reported trades are now official.

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Contract Details: Clippers, THT, Ball, Nwaba, Bembry, Raptors

August 10th, 2021 at 2:52pm CST by Luke Adams

After reporting over the weekend that the Clippers used about $3.9MM of their taxpayer mid-level exception to sign Justise Winslow, ESPN’s Bobby Marks (Instagram video) confirmed today that the team used the leftover portion of that MLE to sign second-round picks Jason Preston and Brandon Boston Jr. to three-year deals, with Preston getting a little more than the rookie minimum.

Keith Smith of Spotrac shares those salary figures down to the dollar, tweeting that Winslow’s first-year salary is $3,902,439 while Preston’s is $1,062,303. Combined with Boston’s rookie minimum of $925,258, those three salaries add up to exactly $5.89MM, the amount of the taxpayer mid-level exception.

Here are a few more details on new contracts from around the NBA:

  • While Talen Horton-Tucker‘s three-year deal with the Lakers was initially said to be worth $32MM, the year-by-year breakdown provided by Smith works out to a total of $30.78MM (Twitter link).
  • Lonzo Ball‘s four-year deal with the Bulls also came in slightly lower than expected, according to Smith, who says it has a base value of $80MM, with $1MM in annual unlikely incentives (Twitter link).
  • David Nwaba‘s three-year, $15MM contract with the Rockets has two fully guaranteed seasons followed by a third-year team option, according to Marks (Instagram video).
  • DeAndre’ Bembry‘s minimum-salary deal with the Nets has a partial guarantee of $750K for now, tweets Smith. That number will increase to $1.25MM on December 15 before becoming fully guaranteed in January.
  • Blake Murphy of The Athletic (Twitter links) shares some Raptors contract details, reporting that Gary Trent Jr.‘s deal has a base value of $51.84MM, with $250K in annual unlikely incentives. Murphy adds that Ishmail Wainright got a $250K guarantee in 2021/22 – plus a $125K guarantee in ’22/23 – on his minimum-salary contract, while Yuta Watanabe‘s minimum-salary deal is now partially guaranteed for $375K. Watanabe would get his full guarantee if he makes the regular season roster.
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Fischer’s Latest: Markkanen, DeRozan, Hield, Hart, Suns, More

August 10th, 2021 at 11:58am CST by Luke Adams

The Pelicans, Mavericks, Celtics, and Timberwolves are among the teams that have shown interest in Bulls restricted free agent Lauri Markkanen, according to Jake Fischer of Bleacher Report, who hears from sources that the price tag on the power forward would be about $15MM per year.

Landing Markkanen would be a challenge for any of those teams, however, as they’re all over the cap and would have to acquire the RFA forward via sign-and-trade. New Orleans has a traded player exception big enough to fit Markkanen, but the other teams would likely to have rely on salary-matching or offer him a lower salary (Dallas has a TPE worth $10.872MM, while Boston has one worth $9.72MM). Acquiring a player via sign-and-trade also results in a hard cap, which the Celtics are reportedly resisting.

On top of all that, Fischer confirms a previous report that the Bulls are seeking a first-round pick to accommodate a Markkanen sign-and-trade and don’t want to take on any salary, preferring any contracts to be rerouted to a third team. If they maintain that stance, the Bulls would make it very difficult for Markkanen to do anything but accept his $9MM qualifying offer.

“Chicago is playing this masterfully from no other perspective than a contract management standpoint,” a team capologist told Fischer. “It won’t do any favors relationship-wise, but they’re bleeding his market based on their tax situation, and nobody else can offer him any kind of money without them.”

As we wait to see what happens with Markkanen, it’s worth noting that the Hornets – previously rumored to be eyeing the forward – weren’t listed by Fischer as one of the teams in the hunt, and president of basketball operations Mitch Kupchak told reporters today that the team is likely done with its “heavy lifting” this offseason (Twitter link via Rod Boone of SI.com).

Here’s more from Fischer:

  • The Sixers, Suns, Trail Blazers, Warriors, Celtics, and Knicks were among the teams that expressed interest in DeMar DeRozan before he reached a deal with the Bulls, per Fischer. However, New York agreed to sign Evan Fournier and most of the other teams would’ve had to figure out complicated sign-and-trade arrangements to accommodate DeRozan, who never really entertained the idea of signing for the mid-level exception, sources tell Fischer.
  • The Pelicans and Kings discussed the possibility of swapping Buddy Hield and Josh Hart (via sign-and-trade) as part of New Orleans’ trade with Memphis, Fischer writes. It’s unclear if anything along those lines is still being considered now that the Pelicans’ deal with the Grizzlies has been completed — base year compensation rules would complicate a one-for-one swap.
  • The Suns are weighing their options for their final open roster spot and have gauged the trade value of 2020 lottery pick Jalen Smith, sources tell Fischer.
  • The Raptors will meet with Goran Dragic‘s camp at Summer League in Las Vegas to further discuss the point guard’s situation, according to Fischer.
  • Zach LaVine has told Bulls staffers he’s committed to improving defensively next season, Fischer says.
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Marko Simonović To Suit Up For Bulls This Year

August 9th, 2021 at 4:53pm CST by Alex Kirschenbaum

Power forward/center Marko Simonović has verified recent rumors that he will be joining the Bulls for the 2021/22 season, his first in the NBA, tweets Darnell Mayberry of The Athletic.

Along with forward Patrick Williams, Simonović was part of the first draft class selected by the Bulls’ then-new front office team of president Arturas Karnisovas and GM Marc Eversley. The 6’11” big man, most recently with the Serbian club KK Mega Basket of the Adriatic Basketball Association, was chosen with the No. 44 pick in 2020.

In 25 games for Mega Basket during the 2020/21 season, Simonović averaged 15.7 PPG, 9.1 RPG, 1.7 APG, and 1.0 SPG.

The 21-year-old’s shot diet indicates potential as a floor-spreading big man who will not fear contact inside, operating as a reserve for a new-look Chicago team heavy on versatile scorers and passers. Simonović connected on 47.3% of his field goal looks last season, including 34.9% of his 5.2 three-point attempts a game. He also converted 77.8% of his free-throw tries.

Chicago is reportedly using a chunk of its mid-level exception to sign Alex Caruso, but could save a portion of that MLE for Simonović’s deal.

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Cristiano Felicio Signs With German Team

August 9th, 2021 at 10:00am CST by Luke Adams

Former Bulls forward/center Cristiano Felicio has signed a one-year contract with German club Ratiopharm Ulm, the team announced today in a press release.

Felicio, a Brazilian big man who went undrafted in 2014, initially signed a two-year, minimum-salary contract with the Bulls in 2015, then re-upped on a four-year, $32MM deal in 2017.

That investment, which was questioned even at the time, didn’t produce positive returns for Chicago, as Felicio appeared in just 155 games across the last four years, averaging 4.2 PPG and 3.7 RPG in 14.1 minutes per contest off the team’s bench. He hasn’t played regular rotation minutes since the 2018/19 season.

Making the move to Germany will give Felicio an opportunity to once again see consistent playing time and to rebuild his value. However, it’s unclear whether he’ll make his way back to the NBA down the road or if he’ll continue playing in international leagues for the foreseeable future.

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Bulls Acquire Lonzo Ball Via Sign-And-Trade

August 8th, 2021 at 11:07pm CST by Luke Adams

AUGUST 8: The Bulls have officially acquired Ball, the team announced late on Sunday night in a press release. As expected, the Pelicans acquired Satoransky, Temple, and a future second-round pick in the deal. The future second-rounder is Chicago’s 2024 selection, and New Orleans also received cash considerations.

This transaction continues to be investigated by the NBA due to possible “gun-jumping,” since it’s a complicated sign-and-trade deal that was reported as being done the minute that free agency opened on Monday.

The Pelicans and especially the Bulls may face discipline from the league based on that investigation’s findings. However, the fact that the trade was processed while the probe is ongoing is another sign the NBA isn’t going to disallow it.

Due to base year compensation rules affecting Ball’s new contract, neither the Bulls nor the Pelicans will  create a trade exception in the deal.

AUGUST 2: The Bulls and point guard Lonzo Ball have agreed to a four-year, $85MM deal, Klutch Sports CEO Rich Paul tells Shams Charania of The Athletic (Twitter link). The contract will include a fourth-year player option, according to Michael Scotto of HoopsHype (Twitter link).

Ball is a restricted free agent, but the Bulls and Pelicans will work out a sign-and-trade to get him to Chicago, Paul tells ESPN’s Adrian Wojnarowski (Twitter link).

The Pelicans will receive Tomas Satoransky, Garrett Temple, and a second-round pick from the Bulls in the sign-and-trade agreement, according to Charania (Twitter link).

Temple is a free agent, so he’ll be signed-and-traded as well. He’s getting a three-year contract with the first two years guaranteed, according to David Aldridge of The Athletic, who adds that the deal is expected to be worth about $5MM per year (Twitter links).

It’s a major coup for the Bulls, who have been linked to Ball for the last several months. The team reportedly discussed a trade with the Pelicans at the deadline, but couldn’t reach a deal to land Ball at the time. Now, Chicago is in position to add the former No. 2 overall pick to a starting lineup led by Zach LaVine and Nikola Vucevic.

Ball, 23, had arguably the best season of his career in 2020/21, averaging 14.6 PPG, 5.7 APG, and 4.8 RPG in 55 games (31.8 MPG) and improving his shooting numbers to .414/.378/.781.

His deal is right in line with the four-year deals signed by fellow point guards Fred VanVleet and Malcolm Brogdon in recent free agencies.

While Pelicans stars Zion Williamson and Brandon Ingram expressed a desire to continue playing with Ball, the team’s front office never seemed sold on the idea of making him a long-term cornerstone. Adding Satoransky will give New Orleans some depth at the point, though the team will likely remain in the hunt for another point guard in free agency.

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Central Notes: Pistons Contracts, McConnell, Allen, Bulls

August 8th, 2021 at 7:41pm CST by Luke Adams

The Pistons‘ three-year deal with Kelly Olynyk has a partial guarantee in year three, with only $3MM of the big man’s $12.2MM salary assured in 2023/24, according to Keith Smith of Spotrac (Twitter link). Detroit also gave Trey Lyles a two-year, $5.125MM deal that includes a second-year team option, Smith adds (Twitter link).

While those contract details are similar to what was reported earlier in free agency, the specifics on the Pistons’ deals for Saben Lee and second-round pick Isaiah Livers didn’t surface until today.

According to Smith (Twitter link), the Pistons used cap space to give Lee a three-year, minimum-salary contract that includes two fully guaranteed years followed by a third-year team option. As for Livers, his new deal with Detroit is also for three years with a third-year team option, tweets Smith. The No. 42 pick got slightly more than the rookie minimum in his first year, followed by the veteran’s minimum in years two and three.

Here’s more from around the Central:

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Pelicans, Hornets Eyeing Lauri Markkanen

August 8th, 2021 at 12:38pm CST by Luke Adams

The Pelicans have displayed interest in restricted free agent forward Lauri Markkanen, sources tell veteran NBA reporter Marc Stein (Twitter link).

As Stein notes, New Orleans just generated a trade exception worth more than $17MM in the team’s three-way trade that sent Steven Adams and Eric Bledsoe to Memphis. That newly-created exception could be used to accommodate a contract worth more than the mid-level for Markkanen.

The Pelicans and Bulls also haven’t officially completed their Lonzo Ball sign-and-trade deal yet, so it’s possible a Markkanen sign-and-trade could be looped into that agreement. However, that’d be more complicated, and the Ball agreement is currently being investigated by the NBA.

The Bulls are believed to be seeking a first-round pick in order to facilitate a Markkanen sign-and-trade, says Stein. The Pelicans can’t use their trade exception to sign Markkanen to an offer sheet, so they’d need Chicago’s cooperation in order to offer him more than the mid-level.

Meanwhile, Jordan Schultz of Bleacher Report says (via Twitter) that the Hornets, who were rumored earlier in the week to be considering an offer sheet for Markkanen, remain in the hunt as a potential “sleeper.” However, that scenario is difficult to envision.

The Hornets have used up their cap room and would almost certainly have to acquire Markkanen via sign-and-trade, as Schultz tweets. Charlotte doesn’t have a trade exception that would work in such a deal and would therefore have to match salaries.

The only salaries on Charlotte’s books that would really make sense as primary matching pieces, given Markkanen’s salary expectations, are Terry Rozier‘s ($17.9MM) or Mason Plumlee‘s ($9.25MM). Rozier is more valuable to the Hornets than he would be to the Bulls, who just agreed to acquire Ball and Alex Caruso. And Charlotte just traded for Plumlee a few days ago to address the team’s hole at center.

It’s possible the Hornets will find a way to get creative and land Markkanen, perhaps using smaller salaries, but it would be a challenge.

Markkanen, meanwhile, continues to explore his options around the NBA in the hopes of joining a new team. He told a Finnish journalist earlier this week that he’s seeking a “fresh start” after four years in Chicago.

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Bulls Won't Be Able To Use Sign-And-Trade To Acquire Alex Caruso

August 8th, 2021 at 9:00am CST by Arthur Hill
  • Due to NBA rules regarding Base Year Compensation, the Bulls‘ trade exception in the deal that sent Daniel Theis to Houston will be his 2020/21 salary of $5MM instead of his new outgoing salary of $8MM+, tweets Bobby Marks of ESPN. That means Chicago will have to sign Alex Caruso outright, rather than arranging a sign-and-trade with the Lakers. The Bulls will presumably use their mid-level exception for Caruso, adds K.C. Johnson of NBC Sports Chicago (Twitter link).
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Rockets Acquire Daniel Theis In Sign-And-Trade

August 7th, 2021 at 7:15pm CST by Luke Adams

AUGUST 7: The sign-and-trade deal with the Bulls is official, the Rockets announced in a press release, with Chicago getting cash considerations in return.

“Daniel is a versatile center who impacts both ends of the court,” Rockets general manager Rafael Stone said. “We’re looking forward to adding his skillset to our young core and giving Coach (Stephen) Silas even more flexibility with his lineups.”

Theis’ new four-year contract includes a 15% trade kicker, reports Michael Scotto of HoopsHype (via Twitter).

AUGUST 2: The Rockets will fortify their frontcourt by signing Daniel Theis to a four-year contract worth $36MM, his agents at CAA Basketball tell Adrian Wojnarowski of ESPN (Twitter link).

Theis was frequently linked to Houston in the days leading up to free agency. As Tim MacMahon of ESPN notes (via Twitter), Houston’s plan is to work with the Bulls, Theis’ old team, to complete a sign-and-trade deal that would allow the Rockets to fit the center into their leftover trade exception from the Victor Oladipo trade.

That trade exception is worth about $8.2MM and could be used to sign Theis to a contract worth up to $35.6MM over four years. Taking that approach would preserve Houston’s mid-level exception for another signing (or multiple signings).

According to Jonathan Feigen of The Houston Chronicle (Twitter link), the Rockets are expected to send cash to the Bulls to finalize the sign-and-trade.

Theis, 29, averaged a career-high 9.6 PPG in 2020/21 in 65 games (24.6 MPG) for Boston and Chicago. He also contributed 5.5 RPG and 0.9 BPG while shooting 54.1% from the floor and even launching the occasional three-pointer (32.2% on 2.3 attempts per game).

While Theis isn’t particularly dangerous on the offensive end, he’s a solid defender who will give the Rockets another reliable veteran in the frontcourt alongside Christian Wood.

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