[Drake]

The Chicago Bulls announced tonight they have conveyed the contract of Luol Deng to the Cleveland Cavaliers for multiple draft picks, along with the contract of Andrew Bynum.

In addition to sending Bynum’s contract to Chicago, the Cavaliers also conveyed to the Bulls a future draft pick via the Sacramento Kings (Sacramento’s conditional regular first round selection in 2014, 2015, 2016, and 2017 otherwise, Sacramento’s 2017 regular second round pick if it falls between 31-55).

Cleveland also conveyed to Chicago the Portland Trail Blazers’ 2015 and 2016 regular second round draft picks, which were held by the Cavaliers. In addition, if Cleveland is not in the NBA Draft Lottery in 2015, the Bulls have the right to switch regular first round selections with the Cavaliers.

http://www.nba.com/bulls/news/bulls-...icks-deng.html
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@KCJHoop:

Bulls didn't want to trade Deng for salary dump but Cavaliers coughed up draft picks Bulls sought.

Bulls made one more attempt to re-sign Deng last week, which was rejected. Have heard both 3 years/$30 million and 4 years/$40 million.

After Bulls waive Bynum, they will need to sign 13th player for prorated vet minimum. Will still be below luxury tax.