Bulls, DeMar DeRozan agree to 3-year, $85M deal
According to multiple reports, free agent DeMar DeRozan agreed to a three-year, $85 million deal with the Chicago Bulls that can become official on Thursday.
ESPN reported the San Antonio Spurs will get Thaddeus Young, Al-Farouq Aminu, a future first-round pick and second-round picks in 2022 and 2025. The first-round pick will convey by 2025, per the report. Young and Aminu are on expiring contracts.
Adding DeRozan would cap a momentous few days for the Bulls, who acquired Lonzo Ball and have a deal in place with Alex Caruso, adding to a backcourt that already includes Zach LaVine and Coby White.
Bulls president Arturas Karnisovas needed to facilitate a sign-and-trade agreement to make the deal work under the salary cap. Per NBA rules, the first year of any sign-and-trade deal must be fully guaranteed.
The 26-year-old LaVine is eligible for a maximum-level contract extension this summer.
DeRozan averaged 21.6 points and a career-high 6.9 assists in 61 games with the Spurs last season, and previously played for the Toronto Raptors.
He was acquired by the Spurs from the Raptors in the trade that sent Kawhi Leonard to Toronto.