Nikola Mirotic traded to Pelicans

The stretch forward leaves the Chicago Bulls with center Omer Asik coming back to the team that drafted him. Tony Allen, coming over to the Bulls, will be waived.

Kahron Spearman

The Chicago Bulls have finally completed a trade sending sharpshooting forward Nikola Mirotic to the New Orleans Pelicans on Thursday, per Adrian Wojnarowski of ESPN (h/t Bleacher Report.)

He also says Jameer Nelson will go to Chicago and was initially going to be waived per reports. However, Woj now reports the Bulls will hold onto the former All-Star.

The Pelicans had to attach a first-round pick to unload the salary of Asik, who is owed $10.5 million this season, $11.2 million in 2018-19 and $3 million in guaranteed money in 2019-20. The Pelicans' first-round pick on its way to the Bulls is a protected top-5 selection in 2018, top-8 in 2019 and unprotected in 2020, league sources said.

Adrian Wojnarowski
NBA reporter, ESPN

Shams Charania of The Vertical reports that the Pelicans are sending back Omer Asik, Tony Allen, and a first-round pick - however, the year of this pick and whether it's protected is unknown. 

K.C. Johnson of the Chicago Tribune reports Chicago will also get a second-round pick, with the option to swap second-round selections in a future draft. 

He also says both Allen and Nelson will be waived by the Bulls.

New Orleans desired a deal that created flexibility for pursuit of new free agent Greg Monroe.