The Chicago Bulls have been big spenders early in free agency, and they landed another top player on Tuesday when they acquired DeMar DeRozan.
DeRozan agreed to a three-year contract worth $85 million with the Bulls. As Shams Charania of The Athletic reported, the deal is actually a sign-and-trade with the Spurs in which San Antonio acquires Thaddeus Young, a future first-round pick and two future second-round picks.
The Bulls also signed Lonzo Ball to a four-year, $85 million deal on Tuesday. They’ve now added two new starters to a lineup that already features Zach LaVine and Nikola Vucevic. Chicago also bolstered its depth by signing Alex Caruso.
There had been talk that DeRozan might take far less than market value to join the Los Angeles Lakers, but that was never realistic. He averaged 21.6 points and 6.9 assists per game with the Spurs last season, so a salary of nearly $30 million is much more reasonable for the 31-year-old.