The Houston Rockets have traded former NBA Rookie of the Year Michael Carter-Williams and cash to the Chicago Bulls in a salary cap maneuver, ESPN reported Monday.
League sources told ESPN that the Bulls are expected to waive the 27-year-old point guard, who signed as a free agent with the Rockets in July. His contract would have become guaranteed Monday afternoon.
The deal reportedly saves Houston $2.6 million in luxury tax payments, reducing the team’s bill from $16.3 million to $13.7 million.
Carter-Williams appeared in 16 games (one start) for the Rockets this season, averaging 4.3 points and 1.3 assists in 9.1 minutes per game.
The No. 11 overall pick in the 2013 NBA Draft by Philadelphia, Carter-Williams averaged 16.7 points, 6.3 assists, 6.2 rebounds and 1.9 steals as the league’s 2013-14 Rookie of the Year.
He has also played for Milwaukee, Chicago and Charlotte and has career averages of 11.1 points, 4.7 assists and 4.5 rebounds in 303 games.
ESPN reported the Bulls also plan to waive guard MarShon Brooks, acquired in a deal last week with Memphis.
–Field Level Media