CHICAGO -- Ending one longtime era and starting a new, certainly different one, the Chicago Bulls traded Luol Deng to the Cleveland Cavaliers late Monday night for center Andrew Bynum and three draft picks.
The Bulls will waive Bynum on Tuesday, dropping them below the luxury tax threshold in a season in which they no longer are championship contenders following the loss of Derrick Rose to a knee injury.
The Bulls all along insisted they wouldn't trade Deng merely as a salary dump. But talks accelerated on Monday with the Cavaliers meeting the Bulls' demands for draft picks.
The Bulls acquired the right to the Sacramento Kings' first-round pick and two second-round picks the Cavaliers had acquired from the Trail Blazers in 2015 and 2016. Also, the Bulls have the right to swap its own 2015 first-round pick with the Cavaliers only in the case the Cleveland pick is between 15 and 30.
"We have great respect for Luol Deng as a player and a person," general manager Gar Forman said in a statement. "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."
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