Deng traded for Bynum and picks

Jan 07, 2014, 11:02 AM EST
CHICAGO, IL - FEBRUARY 26: Loul Deng #9 of the Chicago Bulls tries to control the ball under pressure from Marreese Speights #15 and Luke Walton #4 of the Cleveland Cavaliers at the United Center on February 26, 2013 in Chicago, Illinois. The Cavaliers defeated the Bulls 101-98.
Jonathan Daniel/Getty Images

The Chicago Bulls have traded two-time All-Star Luol Deng to the Cleveland Cavaliers for Andrew Bynum and three future draft picks. Deng is scheduled to become a free agent this offseason and the Bulls didn't believe the two sides would come to a mutual agreement on a new long-term contract. Bynum is attempting a comeback after missing all of last season with a major knee injury. He will be waived by the Bulls to clear cap space for next season.
The Bulls will receive one first-round draft pick that was owed to the Cavaliers from the Sacramento Kings in an earlier deal that sent J.J. Hickson to Sacramento. Additionally, they will get two future second round picks. The Cavaliers kept their first round pick this year which may end up landing them a future star in an expected loaded draft class. But they also get immediate help if they want to make a run at the playoffs in a weak Eastern Conference. The Bulls appear ready to rebuild the franchise after having lost MVP point guard Derrick Rose for the second straight season.