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Report: Rockets Trade Michael Carter-Williams to Bulls
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The Houston Rockets traded guard Michael Carter-Williams and cash to the Chicago Bulls in a salary-cap maneuver, the Rockets announced.
The Bulls then waived Carter-Williams, whose contract would’ve become guaranteed for the season on Monday afternoon.
Chicago also will send Houston a heavily protected future second-round pick that is unlikely to ever convey, sources said.
The deal saves the Rockets $2.6M in luxury-tax payments, dropping the team’s bill from $16.3 million to $13.7 million.
Source: Adrian Wojnarowski of ESPN