The Chicago Bulls are partying like it’s 2014.
Okay, not really, but the Bulls were finally able to acquire Carmelo Anthony, agreeing to a trade with the Houston Rockets on Monday. ESPN’s Adrian Wojnarowski first reported the deal.
Of course, the Bulls don’t actually want Anthony in Chicago this time around. Much like the Michael Carter-Williams trade these teams consummated two weeks ago, this deal involves financial favors going both ways.
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The Rockets were hoping to trade Anthony to both clear a roster spot to sign Kenneth Faried and save over $2.6 million in luxury tax money that would have been incurred if they simply waived the 10-time All-Star.
Unfortunately for Houston, the trade didn’t go through Monday because the league office was closed for the Martin Luther King Jr. Day holiday, meaning forward James Nunnally had to have his 10-day contract terminated so Faried could be signed for the night’s game against the Philadelphia 76ers.Still, the trade will become official Tuesday, and the Rockets will get their luxury tax savings. For their trouble, Houston is sending cash to Chicago to cover Anthony’s remaining contract, plus $900,000: