The Washington Wizards have agreed to trade forward Otto Porter Jr. to the Chicago Bulls for forwards Bobby Portis and Jabari Parker. The deal includes a 2023 second-round pick to the Wizards.
Porter is averaging 12.6 points, 5.6 rebounds and 2.0 assists this season. He is making $26 million this season and is owed $27.25 million next season with a player option for 2020-21.
Portis will become a restricted free agent this summer.
The Bulls have been trying to trade Parker, who has a team option for next season worth $20 million.
Washington entered Wednesday with a 22-31 record. The trade will provide financial savings for the Wizards. For 2019-20, Washington will have $89.5 million in guaranteed contracts, a savings of $28 million.
Parker’s $20 million team option needs to be exercised by June 29. Portis is on an expiring contract, the Wizards will have until the end of June to submit a qualifying offer.