NBA Roundtable

Boozer Joins Bulls

In Free Agency on July 7, 2010 at 11:03 pm

ESPN reports

Carlos Boozer is the latest domino to fall in NBA free agency, agreeing to a five-year deal with the Chicago Bulls, a source close to the negotiations told ESPN The Magazine’s Ric Bucher on Wednesday.

Various sources told that the contract will be for between $75 million and $80 million, but the deal can’t become official until 12:01 a.m. ET Thursday.

Terrific addition for Chicago.

  • Lead guard – Derick Rose
  • Quick forward – Luol Deng
  • Big forward – Carlos Boozer
  • Center – Joakim Noah

That is a very talented core group of four players. A nice jump-shooting two guard like Mike Miller, Ray Allen or Anthony Morrow would give Chicago an imposing starting five to work with.

The Bulls have an excellent chance of being a title contender next season. The roster still needs a little more work but the core of their team is pretty much there.

Note: Chicago had $30 million in cap space heading into this summer. It’s unknown what Boozer’s starting salary is but the Bulls likely have at least half of that cap space leftover. Probably a little more than half.

So, they can still sign 2-3 high quality role players to round out there roster. They need a shooter at the two and some depth (anywhere + everywhere).

  1. This turned into a sign and trade in order to give Utah a trade exception

    Twenty-four hours later, the Jazz are feeling a little better about Carlos Boozer’s departure for Chicago.

    On Wednesday, when Boozer committed to the Bulls, it appeared that the Utah would lose one of their most valuable assets for nothing in return.

    On Thursday, however, the Jazz swung a sign-and-trade agreement with the Bulls that netted them a significant trade exception.

    In the deal, the Jazz will give Chicago a protected second round draft pick. The trade exception will give Utah the amount of Boozer’s salary with the Bulls during his first year, plus $100,000. Boozer’s salary next season is expected to be in the range of $13 million.

    “It gives us the opportunity to start investigating other rosters to see if somebody might interest us,” O’Connor said. “The key is for us to remain competitive. We want to get somebody that will keep us competitive, but we also don’t want to take somebody that another team doesn’t want.”

    Third TPE

    The article also notes

    This is the third major trade exception the Jazz have been able to secure in the last eight months. Early last season, Utah received a $6.5 million exception in the deal that sent Matt Harpring ­— now retired — to the Oklahoma City Thunder. Later in the season, the Jazz received $2.7 million in the deal that sent Ronnie Brewer to the Memphis Grizzlies.

    It’ll be interesting to see how Utah tries to use these traded player exceptions to improve their squad over the next few months.

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