10:49pm: The trade is now official, per the NBA.
10:27pm: The Bulls drafted Oregon’s Jordan Bell at No. 38 and will trade him to the Warriors, tweets Adrian Wojnarowski of The Vertical. Chicago will receive $3.5MM in return, the maximum amount allowable in a cash deal this season and a record amount for a draft pick.
Golden State is hoping to duplicate the success it had with Patrick McCaw, who was drafted 38th a year ago. Bell, a 6’9″ junior, was considered a possible first-round pick after a stellar junior season with the Ducks. He averaged 11.0 points, 8.7 rebounds and an impressive 2.3 blocks per game.
Chicago had waited several years to receive this selection from the Kings, but it turned into a second-rounder instead of a first due to protections. It was the last selection of the night for the Bulls, who came away from the draft with just Lauri Markkanen at No. 7.