Bulls, Rockets Complete Carmelo Anthony Trade

The Rockets and Bulls have completed the Carmelo Anthony deal, Shams Charania of The Athletic reports (Twitter link). The Bulls have confirmed the trade is official.

Anthony will head to Chicago along with the draft rights to Jon Diebler and approximately $1.56MM in cash while Houston will receive the draft rights to Tadija Dragicevic.

Diebler is a 30-year-old shooting guard who was originally drafted with the No. 51 overall pick in the 2011 draft by the Blazers. Dragicevic, who will turn 33 later this month, is a power forward who was selected with the No. 53 overall pick back in 2008 by the Jazz. Both players currently play in Turkey. Neither player has any NBA experience and it’s unlikely either “prospect” makes his way to the league any time soon.

The Bulls are not expected to play Anthony but will likely either release him or scour the league for a trade. Anthony reportedly wants to find a place where he can make an impact.

The cost for picking up Anthony’s salary at this stage of the season is $675K, so the cash Chicago is receiving more than enough to covers his deal. The Rockets are facing luxury tax concerns, so moving him allows the franchise to lower their anticipated tax payment.

Anthony played just 10 games for the Rockets, averaging 13.4 points per game.  The fit wasn’t there in Houston and he’ll likely wait until after the trade deadline to find a new home. The Lakers reportedly have some interest, though the team’s roster is full and the franchise doesn’t want to waive a player on a guaranteed contract in order to add the 10-time All-Star.

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