Lauri Markkanen to the Cavaliers, Nance to the Blazers in Three-team Trade
Lauri Markkanen’s turbulent time with the Chicago Bulls has come to an end.
The former first round pick out of Arizona entered restricted free agency this offseason and voiced his desire to start over in a new organization.
Cleveland is acquiring Chicago restricted free agent F Lauri Markkanen on a four-year, $67M deal in a sign-and-trade, sources tell ESPN.
— Adrian Wojnarowski (@wojespn) August 27, 2021
After averaging 15.6 points and 7.1 rebounds per game across four seasons with Chicago, the Bulls decided against extending a qualifying offer. During his tenure with the Bulls, Markkanen budded heads with coaches and front office personnel, and did not see a good fit for him in the organization following the acquisition of All-Star center Nikola Vucevic.
On Friday, Markkanen’s long-winded free agency came to an end as he signed a four-year, $67 million deal with the Cleveland Cavaliers.
The deal was finalized via sign-and-trade, as the Cavs acquired Markkanen, the Bulls received Derrick Jones Jr. and a lottery protected future first rounder from the Portland Trail Blazers, and the Blazers acquired Larry Nance. The Cavaliers will also send a 2023 second round pick to the Chicago Bulls.
Markkanen will now be part of a young and developing Cavs team and will have the opportunity to get his career back on track in a lower pressure environment.