Bulls Acquire Otto Porter From Wizards

NBA Trade Grades: Wizards sending Otto Porter Jr. to Bulls

The Wizards traded Otto Porter Jr. to the Bulls for what?

Porter is in the second season of a four-year, $106 million deal that the Wizards matched after he signed an offer sheet with Brooklyn in the summer of 2017. Porter was always overpaid on his current contract, which runs through 2020-21 with a player option, but he was valuable to a healthy, full-bore Washington team as a versatile third wheel for Wall and Bradley Beal. But, star guard John Wall ruptured his left Achilles tendon earlier this week while recovering from a December heel surgery. They reduced this year's tax bill from $8.96 million to $3.34 million.

Porter has a hefty contract, owed almost $27.3 million in 2019-'20 before holding a player option for almost $28.5 million in 2020-'21.

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Porter has averaged 12.6 points and 5.6 rebounds in 29 minutes per game this season. He has shot 36.9 percent from 3-point range.

The Bulls, meanwhile, are in the midst of a "tanking" season at just 12-41. This trade was an acknowledgement by the Bulls of that league-wide belief, as big-market teams rarely give up a maximum-salary slot in a strong free-agent class to acquire a good player who nonetheless doesn't much move the needle much in their long-term championship aspirations. He's expected to be out for most of next season. Parker was averaging 14.3 points and 6.2 rebounds.

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With Parker and Portis having expired contracts after this season, the Wizards front office just cleared major cap space moving forward.

The 23-year-old Portis is averaging 14.1 points and 7.3 rebounds in 22 games.

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Parker had signed a one-year, $20 million deal with his hometown Bulls prior to the start of the season, but quickly fell in new head coach Jim Boylan's doghouse.

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