Knicks Acquire Derrick Rose From Bulls

The Knicks and Bulls have agreed to deal that sends Derrick Rose to New York, along with Justin Holiday and a 2017 second-round pick. In exchange, Chicago receives Robin Lopez, Jerian Grant and Jose Calderon. Both teams have officially confirmed the move, with the Knicks announcing that they’ve also waived guard Tony Wroten as part of the deal.Derrick Rose

[RELATED: Knicks among teams Dwight Howard would consider]

K.C. Johnson of The Chicago Tribune (Twitter link) first reported that an agreement was in place, along with all the names involved, while Adrian Wojnarwoski and Shams Charania of The Vertical (Twitter link) were first to report that the two teams were engaged in “advanced talks” on a trade that would send Rose to the Knicks. The deal also came on the heels of earlier reports that the Bulls were open to moving Rose, and that the Knicks had internally discussed acquiring the Chicago point guard.

While Rose has been plagued by injuries since his MVP campaign in 2010/11, he managed to stay on the court for 66 games this past season, his highest mark in five years. In those games, he recorded averages of 16.4 points and 4.7 assists, shooting .427 from the floor.

Rose is entering the final year of his contract, and is set to earn a $21.323MM salary in 2016/17, so the Knicks are betting on him continuing to stay healthy going forward, and perhaps recapturing the form that saw him win that MVP award five years ago. If the 27-year-old has a solid season in New York, the Knicks would hold his Bird Rights when he becomes eligible for free agency in 2017.

By acquiring Rose, the Knicks will perhaps shift their focus in free agency more toward big men. The team could still use backcourt help, particularly at the two, with Arron Afflalo opting out, but losing Lopez will leave a hole at center in New York. Frank Isola of the New York Daily News suggests (via Twitter) that Dwight Howard, Joakim Noah, and Pau Gasol could be among the Knicks’ targets in July, and we know Howard would be open to signing with New York.

Noah and Gasol, of course, are Bulls free agents, but the odds of those players both landing elsewhere appear to be on the rise with Lopez headed to Chicago. If the Bulls go into full rebuilding mode, Jimmy Butler could be a trade candidate as well, but considering they acquired veteran players in exchange for Rose, I’d be surprised if the Bulls go in that direction.

As Jonathan Givony of DraftExpress.com tweets, the Bulls have been eyeing point guard prospects in this year’s draft class, and while the team won’t get Kris Dunn at No. 14, a player like Wade Baldwin is a potential target. In Calderon, Chicago will at least have a solid veteran at the position for one more year.

From a financial perspective, the salaries involved in the swap are virtually a wash, despite Rose’s $20MM+ cap figure. Lopez, Grant, and Calderon combined to earn $21,625,172 in 2015/16, compared to $21,040,340 for Rose and Holiday. As Bobby Marks of The Vertical tweets, Rose’s 15% trade kicker won’t be applied to this deal, since his salary would exceed the max with that kicker — it would have been in play if the trade had been completed in July.

The Knicks create a traded player exception worth $1,572,360, the amount of Grant’s salary, but will likely renounce that exception next month in order to use space under the cap.

Photo courtesy of USA Today Sports Images.

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114 Comments on "Knicks Acquire Derrick Rose From Bulls"

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Surprisingly a Bucks Fan
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Surprisingly a Bucks Fan
3 months 8 days ago

Ends the best era bulls have had since mj

Gogerty
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Gogerty
3 months 8 days ago

Wasn’t much of an era.

formerlyz
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formerlyz
3 months 8 days ago

8 years is clearly an era. After being total garbage for 7-8 years, you were a playoff team that got to the conference finals and a top contender for a championship for 4-5 years. Injuries and an unfortunate contract to carlos boozer hurt. Still a great run

ChiSoxCity
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ChiSoxCity
3 months 8 days ago

One conference finals appearance in 8 years ain’t nothing to brag about. They only won 1 game in that series to boot. Good riddance.

Gogerty
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Gogerty
3 months 8 days ago

Yes it was an era, not to fruitful is what I was intending.

Gogerty
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Gogerty
3 months 8 days ago

Too*

formerlyz
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formerlyz
3 months 8 days ago

Still better than a lot if other teams that have been trying for even longer…also, not bad, considering that you lucked into the Derrick Rose pick in the first place

Strauss
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Strauss
3 months 8 days ago

I hope the door hits him and his brother in the ass.

Strauss
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Strauss
3 months 8 days ago

By the way, how’s his court case going?

cubsfan2489
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cubsfan2489
3 months 8 days ago

Wow

Godgiftsjoejr
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Godgiftsjoejr
3 months 8 days ago

let’s go knicks that’s what I’m talking about now we need a good sg n a center n good six man with good role player n we be a good team n the east next year

ChiSoxCity
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ChiSoxCity
3 months 8 days ago

Better get a good back-up PG… you’ll need it.

cubsfan2489
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cubsfan2489
3 months 8 days ago

Any info on the salaries coming back to Chicago?

J
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J
3 months 8 days ago

Lopez has 2 years left at 13.5 and 14 mil and Calderon last year at like 7.8 mil. Grant rookie deal. So pretty much swapping contracts to match salary

Rodney
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Rodney
3 months 8 days ago

Lopez has 3 years left on his contract and Calderon is on a expiring contract.

Chad
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Chad
3 months 8 days ago

That’s it? That’s all we get for him?

formerlyz
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formerlyz
3 months 8 days ago
You get a lot of money opened up, a rim protecting big to replace Noah on an affordable deal for 3 years, and a young combo guard from the area (correct me if I’m wrong on that?). It also allows for Butler to be the unquestionable number 1 option. With that being the case, it should allow for less ball stopping, and woth shooters like Mirotic and McDermott around Butler, it should open up the floor a little bit. Bulls probably need another 3 and D wing and another guard. Perhaps they have interest in Baldwin if he is there… Read more »
Rodney
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Rodney
3 months 8 days ago

Actually the Bulls have about $1.5 million less in cap space.

formerlyz
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formerlyz
3 months 8 days ago

I’m obviously assuming they either flip something or stretch Calderon

formerlyz
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formerlyz
3 months 8 days ago

The edit button would be nice right now…was also going to say that you also don’t have to use any money to keep Gasol and/or Noah by turning that 5 spot into Lopez at an affordable price

JT19
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JT19
3 months 8 days ago

They would’ve been lucky to get much more without giving up more.

djtommyaces
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djtommyaces
3 months 7 days ago

That’s it??? Rose for a bag of balls wouldve been worth it!

formerlyz
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formerlyz
3 months 8 days ago

Yoooooooooooooo. Holy $#*@! Lol need a minute to process before actually analyzing

mp
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mp
3 months 8 days ago

feels like another penny hardaway dump on the knicks again. Rose is done but at least he only has 1 year left & the knicks dumped some trash on the bulls…. not bad as long as ny doesn’t sign rose to another deal

Dionis
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Dionis
3 months 8 days ago

Dude Rose does not have to carry The load he carried in Chicago in NY, 16-17 ppg with 8-9 apg Is all The Knicks need from Rose.

JT19
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JT19
3 months 8 days ago

Lmao that’s a lot to ask for.

ChiSoxCity
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ChiSoxCity
3 months 8 days ago

You’re not getting 8-9 apg from Derrick Rose. Hell, you’ll be lucky to get 25 minutes per game out of him, even in a contract year. He’s a bench player at this point in his career.

KnicksCavsFan
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KnicksCavsFan
3 months 8 days ago

@chisoxcity Boy are you a revisionist. He played 32 minutes a game last year. If healthy (which is not a given), I don’t see why he can’t duplicate that again.

I’m not super enthused about the deal but he’s still an upgrade, even if for just 1 year.

ChiSoxCity
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ChiSoxCity
3 months 8 days ago

He only played in 66 games. He’ll be an upgrade… for like 3 or maybe 4 games. The rest of the time he’ll be middling or just plain useless. Terrible perimeter shooting, unforced turnovers, getting mugged constantly by pick-and-roll screens, wild shots and bad passes. NY will come to loathe the post-MVP Rose by mid-season.

Woodlawn
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Woodlawn
3 months 8 days ago

A 27 year old former MVP bench player?!?! Lol

He is 27. Just sayin

Priggs89
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Priggs89
3 months 7 days ago

27 with the body of a 50 year old. Just sayin

BucSox
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BucSox
3 months 8 days ago

I can’t envision a scenario where him and Melo get along.

ChiSoxCity
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ChiSoxCity
3 months 8 days ago

Rose is a slasher, who can draw defenders into the paint. In theory, he’s a perfect match for Rose and the Unicorn. Trouble is, Rose makes poor decisions with the ball which leads to turnovers. He also gets hurt often and misses a lot of games. Keep your expectations low in NYC (is that even possible?).

ChiSoxCity
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ChiSoxCity
3 months 8 days ago

I meant perfect match for Melo.

KnicksCavsFan
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KnicksCavsFan
3 months 8 days ago

Why couldn’t he? He takes pressure off of Melo. As long as he comes in humbly then they should be fine.

SadBulls
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SadBulls
3 months 7 days ago

Funniest statement ever

aarongill
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aarongill
3 months 8 days ago

Shouldn’t have traded Lopez.

KnicksCavsFan
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KnicksCavsFan
3 months 8 days ago

Better C’s on the market. Not a big loss.

Hannibal8us
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Hannibal8us
3 months 8 days ago

Woah lots of desperation in the air on this trade.

Ravens_Last_Place
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Ravens_Last_Place
3 months 8 days ago

Yep!!!

hill
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hill
3 months 8 days ago

Does This give further evidence that the triangle is taking a back seat? Rose and Hornacek are not triangle guys. I suspect Zinger gonna get more runs as a small ball 5.

I like this deal for NY. It gives them a lot of room next summer in particular.

The Bulls? Meh. They get a serviceable C in Lopez to fill the Pau and Noah gap. They must see something in Grant he’s the big variable in the deal. Could be the Khris Middleton…the throw in who becomes more valuable than the principal players.

Priggs89
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Priggs89
3 months 7 days ago

Lol. As much as I hope Grant can become something, this has NOTHING to do with the players the Bulls got back. This trade was done to get rid of Derrick Rose, not acquire those 3 players.

JT19
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JT19
3 months 7 days ago

Porzingas is 7 feet…I wouldn’t exactly call him playing center playing small ball.

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