ESPN’S Brian Windhorst is reporting that the Cavs have traded Andrew Bynum and a future first round draft pick to the Bulls for Luol Deng. As was reported yesterday, the Cavs will probably have to waive any physicals to get this thing in under the wire (5 PM EST, Wednesday).
More info, from the Cavs press release, here.
The Cleveland Cavaliers have acquired All-Star forward Luol Deng from the Chicago Bulls in exchange for center Andrew Bynum, three future draft picks and the right to swap 2015 first round picks with the Cavs (1-14 protected), Cavaliers General Manager Chris Grant announced tonight from Cleveland Clinic Courts.
“We are very excited for Luol to join the Cavaliers organization, ” said Grant. “We have worked to acquire and maintain flexibility in order to capitalize on opportunities such as this. Luol reflects all that we are striving for in building our team. He’s a tremendous defensive player that can impact the game on both ends of the court with a team first mentality and is a high character leader.”
In exchange for Deng, the Cavs send Chicago Bynum, Cleveland’s right to the Sacramento King’s first round draft pick conveyed in a June 30, 2011 deal, the right for Chicago to swap its own 2015 first round draft pick with the Cavs own 2015 first round draft pick (only in the case that the Cleveland 2015 first round draft pick is between 15 and 30) and the Portland Trail Blazer’s 2015 and 2016 second round draft picks acquired from the Trail Blazers via a 2013 draft night trade.
Also, according to K.C. Johnson of the Chicago Tribune, the last rejected Bulls extension offer for Deng was around 3 years/$30 Million, or 4 years/$40 Million. So the Cavs are going to have to pay more than that to extend Mr. Deng.
As Twitter pages for NBA players go, you couldn’t ask for a better one than this, @LuolDeng9. Almost every link is for charity work. I’m sure they’ll miss him in Chicago.