The Bulls made a trade late Thursday, acquiring Quincy Pondexter from the New Orleans Pelicans, and also receiving a 2nd round pick for the effort:
The move is a salary dump for New Orleans, which will also send a 2018 second-round pick to Chicago, CSN Chicago’s Vincent Goodwill reported*. The 29-year-old Pondexter is owed $3.85 million in the final year of his contract. The Bulls have ample room to absorb Pondexter’s contract, in the form of cap space or a $15 million trade exception that was acquired in the deal that sent Jimmy Butler to the Timberwolves, whichever they choose.
*(I’d credit Goodwill’s tweet but he blocked me.)
Pondexter, as you can read above, is 29, and hasn’t played at all the past two seasons as he’s battled knee injuries, so he doesn’t figure to be part of the Bulls plans this season.
The prize is the 2nd round pick (KC Johnson also has just reported the Bulls getting some cold hard cash too). The Pelicans aren’t owed any other picks so this has to be their own selection in 2018. The Bulls had previously traded away their own 2018 2nd rounder as part of the Cameron Payne deal last trade deadline.
This is what the Bulls should be doing, using their cap space (carefully curated by way of not having any good players worth paying) to pick up assets.