Chicago Bulls

Bulls get Otto Porter from Wizards for Bobby Portis, Jabari Parker

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.

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