The high-on-promise, low-on-results Derrick Rose-era of Chicago Bulls basketball is over. The oft-injured and now mostly bad point guard was sent to the New York Knicks Wednesday in a multi-player deal.
First reported by the Tribune’s K.C. Johnson, the Bulls packaged Rose with Justin Holiday and a 2017 second-round draft pick. In return, the Knicks have sent Robin Lopez, Jerian Grant and Jose Calderon to Chicago.
Rose, a Chicago native, was the 2009 Rookie of the Year and 2011 MVP before a series of injuries and personal rifts derailed his career. He missed the entire 2012-2013 season following a knee injury sustained in the playoffs the prior season. Since then, Rose has played just 127 of 246 regular season games for the Bulls.
The three-time all-star averaged 19.7 points and 6.2 assists over his eight years in Chicago. Two of his last three seasons with the Bulls saw the former University of Memphis standout post a negative Value Over Replacement Player, or VORP, according to basketball-reference.com.
The trading of Rose likely means that talk of guard Jimmy Butler moving to the Minnesota Timberwolves to join former coach Tom Thibodeau is on hold. Butler signed a five-year extension last year worth $95 million.
The Bulls – having now shed the last year of Rose’s $100 million contract, along with Joakim Noah leaving for free agency and Pau Gasol likely to opt out of the final year of his deal – will now look to next year’s free agency class with an eye to rebuild the team around Butler.
Lopez, with three-years left on a four-year $55 million deal, is the only high-dollar player the Bulls picked up in the deal. Calderon has just one-year left on his contract at $7.7 million, while Grant only has one guaranteed year left on his deal at $1.6 million.
The NBA salary cap will climb to a record high this year following the signing of a nine-year, $24 billion broadcast contract with ESPN and TNT in 2014.