Bulls trade F to Pelicans for 3 players, 1st-round pick

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From there, a deal was struck which sent Mirotic to the Pelicans in exchange for a 2018 protected first-round pick, Omer Asik (whose contract New Orleans was simply looking to dump), Tony Allen and Jameer Nelson.

The first-round pick the Bulls will receive has minimal protections, and they are likely to get that pick for the July draft.

The Chicago Bulls have agreed to trade Nikola Mirotic to the New Orleans Pelicans.

The Pelicans are also hoping to sign New Orleans native Greg Monroe, who became an unrestricted free agent on Thursday after reaching a contract buyout with the Phoenix Suns, reports Wojnarowski.

Asik, who spent time with Chicago as a defensive enforcer during Derrick Rose's prime years, has $11.2 and $11.9 million left on his albatross of a contract.

Mirotic is averaging 16.8 points and 6.4 rebounds per game this season.

John Paxson the executive vice president of the Bulls said he is pleased with whom Chicago received for Mirotic and confident the deal was the best that has presented itself. This has been quite a silent trade window so far, with not much happening in the National Basketball Association regarding player exchanges. He returns to the Bulls after spending his first two National Basketball Association seasons in Chicago from 2010-12.

After losing DeMarcus Cousins for the remainder of the season, adding Mirotic may not completely fill the void but, it is a good start.

Boston has the advantage of using part of its $8.4 million disabled player exception gained after the Gordon Hayward injury to sign Monroe, which would give them the ability to pay him more than teams that could only offer the veteran's minimum.

"Our goal in this in order to move him was to get a draft asset that we thought was valuable to us, and we feel we've done that", Paxson said.

For a rebuilding team like the Bulls, however, that's the just the price of admission to tanking.

So the Jazz roster will remain unchanged for now, but with just a week until the trade deadline, don't be surprise if that isn't the case by the next Jazz home game on February 9th.

Even playing well didn't satisfy Mirotic, however.

Also, according to Shams Charania, the Bulls are waiving Quincy Pondexter to help accommodate for all of the moving pieces. "This type of deal allows us to put Paul and Cris out on the floor more than they've been all season long".

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