The New York Knicks have acquired Derrick Rose, Justin Holiday, and a 2017 second-round NBA Draft pick from the Chicago Bulls in exchange for Robin Lopez, Jerian Grant, and Jose Calderon, as first reported by K.C. Johnson of the Chicago Tribune.
Shortly after the five-player deal was confirmed, the Knicks announced that oft-injured point guard Tony Wroten, who the team signed to a contract in March, has been waived.
Rose, 27, gives the Knicks the upgrade at point guard the team has coveted. While the former 2010-11 NBA Most Valuable Player has played in just 166 out of a possible 328 games the last four seasons, he started 66 games last season, the most since that MVP-winning campaign.
In those 66 games, Rose posted 16.4 points, 4.7 assists, and 3.4 rebounds for the Bulls. He enters the 2016-17 season in the final year of his contract
The Knicks' new head coach, Jeff Hornaceck, expressed his desire for the team to land a capable point guard. Now, with Rose on board, Hornaceck is thrilled to coach an improved team next season.
“Derrick is one of the top point guards in the NBA who is playoff-battle-tested,” Hornacek said in a statement (via PIX 11). “He adds a whole new dynamic to our roster and immediately elevates our backcourt.”
Bulls owner Jerry Reinsdorf praised Rose for his on-court talent and off-court personality, saying: “While he is a terrific basketball player, he is an even better person with a tremendous heart.”
Health permitting, the Knicks expect to form a fearsome trio with Rose and the incumbent superstars; All-Star forward Carmelo Anthony and last year’s fourth overall pick, Kristaps Porzingis.
With the Knicks not having a pick in tomorrow night's NBA Draft, their only options of improving at point guard were either via trade or free agency.
Holiday, 27, split last season with the Atlanta Hawks and Bulls, averaging 6.5 points and 2.3 rebounds. With Calderon and Grant heading to the Windy City, Holiday will play an important role off the bench – especially with Arron Afflalo and Derrick Williams opting out of their deals with New York.
As for the Bulls, they acquire three pieces that will bolster their frontcourt and backcourt.
Lopez, 28, leaves NYC after just one season. The younger brother of Brooklyn Nets’ center Brook Lopez, Robin signed a four-year, $54 million deal to join the Knicks last offseason. In 82 games last season, Lopez averaged a solid 10.3 points and 7.3 rebounds for a disappointing Knicks team.
With Joakim Noah, the Bulls’ longtime big man a free agent and likely to sign elsewhere, Lopez will slot in as the team’s primary center. In dealing Lopez, the Knicks are without a center and are reportedly interested in free agent Dwight Howard. The beleaguered center has reportedly told close friends he’s interested in playing for the Knicks, per ESPN’s Ian Begley.
Calderon, the 11-year veteran from Spain, was the Knicks’ primary point guard last season. In 72 games, the former longtime Toronto Raptor averaged just 7.6 points and 4.2 assists in 28.1 minutes. Grant, 23, was solid off the bench for New York, averaging 5.6 points and 2.3 assists in 16.6 minutes.
With Rose gone, the 34-year-old Calderon and last year’s 19th overall pick Grant will see most of the playing time at point guard for Chicago.
As noted by Hoops Rumors, the trade is a virtual wash given that Holiday and Rose’s combined salary last season ($21,040,340) is similar to the combined salary of Lopez, Calderon, and Grant last season ($21,625,172).
With the Bulls still listening in on Jimmy Butler and the Knicks' need for a center, both teams will be active in the coming days/weeks.