Cavs get Deng in Bynum trade to Chicago (merged)

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The Cavs landed All-Star forward Luol Deng for Andrew Bynum, three future draft picks and a chance to swap 2015 first-round picks.

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Monday afternoon Bulls head coach Tom Thibodeau addressed recent trade rumors regarding the Bulls. ESPN's Brian Windhorst reported that the Bulls have traded Luol Deng to the Cleveland Cavaliers for Andrew Bynum, a future first-round draft pick and two second-round selections. CSNChicago.com Bulls Insider Aggrey Sam later confirmed the deal. Confirming Lu was traded to Cleveland, as reported by @WindhorstESPN Aggrey Sam (@CSNBullsInsider) January 7, 2014

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With the Bulls' championship chances looking dim due to guard Derrick Rose's latest knee injury, Chicago traded All-Star forward Luol Deng to the Cleveland Cavaliers on Monday night. In return, the Bulls received three draft picks and center Andrew Bynum, whom they are expected to waive. If Bynum is still on Chicago's roster after 5 p.m. Tuesday, he would be guaranteed more than $6 million for the remainder of the season. Dealing away Deng and then waiving Bynum would create a $15 million savings for the Bulls and get them under the salary cap, according to ESPN.com.

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Not only was Luol Deng on the trade market, the Chicago Bulls had a taker — the Cleveland Cavaliers. The Chicago Bulls have agreed to trade Luol Deng to the Cleveland Cavaliers for Andrew Bynum and a first round pick (the Kings’ pick owned by the Cavs that is top 12 protected this season, top…

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Winner: Luol Deng Deng is going to a team that desperately needs him. The Cleveland Cavaliers’ small forwards have a PER of 9.2 and yield a PER of 15.5 to opposing small forwards, according to 82Games. That’s a horrific net PER of –6.3. Of the 150 positions in the NBA (five per team), only three have have…

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The Chicago Bulls dealt All-Star forward Luol Deng to the Cleveland Cavaliers on early Wednesday, as was first reported by Shams Charania of Real GM , for Andrew Bynum and what is being called a bevy of draft picks. Bynum’s non-guaranteed contract won’t make it to sundown, even in these short January days, and the collection of picks will likely only whittle down to a pair of second round deals. Cleveland is making this trade in order to secure an All-Star, one of the NBA’s top two-way players. The Bulls are making this deal because of financial concerns, only. Which is fine, because paying the luxury tax for a team that is only on pace to win 36 games is hard to stomach. In dealing Deng’s $14.3 salary and waiving Bynum by early evening on Wednesday, the Bulls will lop off about $8.1 million in payroll, nestling them under the luxury tax by a few hundred thousand, saving them from paying that penalty for consecutive years, and preventing the team from working their way into the dreaded “Repeater Tax” which turns the one-time dollar for dollar tax into something far more severe as the years move along. In Deng, the Cavaliers acquire one of the league’s top wing defenders, a player that often doesn’t need the ball to score, someone they can count on for extended periods of play. The Cavaliers are three games out of the pathetic Eastern Conference playoff bracket, working with an 11-23 record and the NBA’s third-worst offense. After acquiring four lottery picks over the last three NBA drafts, including two top overall picks, the onus is on the Cavaliers to make some sort of attempt at working into that playoff bracket, and they’ve actually added money to their payroll in that pursuit.

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COMMENTARY | Chicago Bulls general manager Gar Forman needed to draw a line in the sand. Specifically, the time to trade Luol Deng had passed and the closer the team got to being the fifth seed, the further away long-term success was becoming. Late in December, for example, ESPN.com's Brian Windhorst cited unnamed sources when he wrote, the "Bulls are determined not to trade" the "impending free agent." Got that? Forman is "determined" to keep Deng in a Bulls uniform for some time.

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COMMENTARY | The Cleveland Cavaliers and Chicago Bulls have kicked off trade season in the NBA in dramatic fashion. The two teams exchanged Luol Deng for Andrew Bynum and draft picks in a deal that signifies hope now for the Cavs, and a promising future for the Bulls. While Chicago wanted to keep Deng, he had previously turned down a three-year, $30 million extension to stay with the Bulls.

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COMMENTARY | One of the most beloved players in Chicago Bulls history is no longer a Bull. The Chicago Bulls traded forward Luol Deng to the Cleveland Cavaliers in exchange for center Andrew Bynum, a future conditional first-round draft pick via the Sacramento Kings, 2015 and 2016 second-round picks via the Portland Trail Blazers, and the right to switch first-round picks with the Cavaliers in 2015 if Cleveland makes the playoffs. Chicago will also receive a trade exception worth $2 million.

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COMMENTARY | Early Tuesday morning, the Chicago Bulls agreed to trade All-Star forward Luol Deng to the Cleveland Cavaliers for three draft picks and the contract of Andrew Bynum, who is likely to be waived before ever playing a minute in a Chicago uniform. The move saves the Bulls roughly $8 million and puts them under the luxury tax line for this season. It is highly unlikely the Bulls will directly see much of anything from the trade when you consider what they actually acquired: Bynum, who was waived today so that the remaining $6 million on his contract this season won't have to be paid; The final piece of the trade many Bulls fans were hanging their hats on is actually the Sacramento Kings' 2014, lottery-protected first-round pick, one that the Bulls likely won't acquire this season as the Kings are unlikely to avoid the lottery barring a major 2nd-half surge.

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That led general manger Gar Forman, vice president John Paxson and the Bulls to make the very difficult decision to trade Luol Deng, which they did early Tuesday morning to the Cleveland Cavaliers in exchange for Andrew Bynums contract and three draft picks. That move, combined with waiving Bynums $12.25 million contract, will put the Bulls under the luxury tax threshold, a penalty which they paid for the first time in franchise history last season. Paxson, the Bulls' vice president of basketball operations,noted that it would have been impossible to trade Deng for his worth as a player because of his expiring contract and desire to test free agency after this season. Still, the Bulls feel they gained significant flexibility in the deal.

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COMMENTARY | To say the 2013-14 season has been a disappointment for the Cleveland Cavaliers would be a giant understatement. However, news broke early Tuesday morning that the team dealt its big offseason free-agent acquisition Andrew Bynum -- who had been suspended by the team indefinitely for detrimental conduct -- along with three draft picks to the Chicago Bulls for All-Star forward Luol Deng. Not bad considering this team is 11-23 heading into Tuesday night's game against the Philadelphia 76ers, having won just two of its last 12 games -- both of which were in overtime -- and sit 13th out of the 16 teams in the Eastern Conference. But getting a viable standout in Deng at a position that the Cavs have neglected to properly fill since LeBron James signed with the Miami Heat in 2010, especially for a player who would have never stepped on the floor as a Cavalier again and for three heavily protected draft picks, is a plus for embattled general manager Chris Grant.

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With the Bulls' championship chances looking dim due to guard Derrick Rose's latest knee injury, Chicago traded All-Star forward Luol Deng to the Cleveland Cavaliers on Monday night. In return, the Bulls received three draft picks and center Andrew Bynum, and officially placed him on waivers Tuesday. Yahoo Sports reported Deng rejected a three-year, $30 million contract offer from the Bulls before he was dealt. The Bulls received Bynum, Cleveland's rights to the Sacramento Kings' first-round draft pick, the right for Chicago to swap its own 2015 first-round draft pick with the Cavs own 2015 first-round draft pick (top 14 protected) and the Portland Trail Blazers' 2015 and 2016 second-round draft picks acquired by the Cavaliers in a 2013 draft night trade.

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