6:44pm: The deal is official, according to press releases issued by both teams.
1:44 PM: The two teams are nearing a deal that will send Payne to Chicago and both McDermott and Gibson to OKC, according to Shams Charania of The Vertical (Twitter link). The Bulls will receive Anthony Morrow and Lauvergne in addition to Payne, while the Thunder will receive a 2018 second-round pick. Roberson is not involved in the deal.
1:28 PM: The Thunder and Bulls continue to have trade discussions regarding Doug McDermott and Taj Gibson, Marc Stein of ESPN.com relays (Twitter links). Frank Isola of the New York Daily News (Twitter links) hears that the two teams are closing in on a deal that will send McDermott to OKC in exchange for Andre Roberson and Cameron Payne.
Oklahoma City has been trying to figure out what a new deal for Roberson would look like in the offseason, Adrian Wojnarowski of The Vertical reports (Twitter link). Roberson will be a restricted free agent at the end of the season and a trade could signal that OKC feels the price tag will be too high. A Roberson trade is not imminent, as Vincent Goodwill of Comcast Sportsnet (Twitter link) hears that the deal could simply be Payne for McDermott.
The Thunder are exploring a trade that would bring both McDermott and Gibson to the team, according to Stein. Earlier today, we learned that the Bulls have been seeking a first-round pick in exchange for Gibson for quite some time. Oklahoma City has already shipped out a pair of future first-round picks in previous deals, so the first selection the franchise can trade is its 2022 pick. If OKC is to acquire both players, Stein (Twitter link) hears that it would take Payne, Joffrey Lauvergne, and draft compensation for the Bulls to oblige.
Gibson will be an unrestricted free agent after the season. The Bulls lost Pau Gasol to free agency last season and the experience has “motivated” to get something for Gibson rather than going through the same scenario once again this summer, K.C. Johnson of the Chicago Tribune notes on Twitter.