The trade also drops the Wizards' tax bill from $8.96 million this season to $3.34 million.
Porter has two seasons - which includes a player option in 2020-21 - remaining on the four-year, $104 million contract he signed in July 2017. Parker landed on the second unit but didn't showcase much defensive effort early in the season. Portis has certainly shown enough to be worth a trial run, and the future second-rounder definitely sweetens the return. The fifth-year veteran signed a one-year, $20 million deal with the Bulls this summer. Washington will get a look at him and be able to make a value judgment.
The Wizards had become aggressive in attempting to move Porter while Parker had been in the doghouse for the Bulls, falling out of the rotation in December before recently regaining a role off of the bench. If the move was purely a salary dump, they would have at least acquired a draft pick, and more than likely would not have given up Portis.
Washington is not expected to deal guard Bradley Beal before Thursday's trade deadline, according to a report from The Athletic, which cites unidentified league sources. He's a quality two-way player who also brings strong perimeter shooting, as he has hit 39.9 percent of his 3-pointers in his six-year career. Without knocking Porter specifically, the ceiling for this move is rather limited.
Portis is a young power forward in his fourth National Basketball Association season with some intrigue, now averaging 14.1 points and 7.3 rebounds while shooting 37.5 per cent from three-point range. As for the Bulls, they land a quality wing (something they always covet) who presumably will be tasked with captaining their defense.