It didn't take long for the Chicago Bulls to make waves upon the opening of the NBA's free agency window.
The Bulls and Lonzo Ball have agreed on a four-year, $85 million contract. In step with that agreement, the Bulls and Pelicans have agreed to the parameters of a sign-and-trade that will send Ball to Chicago and Tomáš Satoranský, Garrett Temple and a second-round pick to New Orleans:
Temple, per The Athletic's David Aldridge, will sign a three-year contract with the Pelicans, with the first two seasons guaranteed at $5 million annually. Satoranský's $10 million salary for the 2021-22 season became fully guaranteed Monday afternoon.
The Bulls, meanwhile, add a talented two-way guard (that they have coveted since the run-up to the 2021 trade deadline) to their starting back court. In his age-23 season with the Pelicans, Ball averaged 14.6 points, 5.7 assists, 4.8 rebounds and 1.5 steals while building on improved shooting results by canning 37.8 percent of their 3-point attempts.
Don't rule out more deck-shuffling from Artūras Karnišovas and Co., either. ESPN's Brian Windhorst linked the Bulls and DeMar DeRozan in a potential double sign-and-trade for Lauri Markkanen before free-agent negotiations opened on Monday, which remains feasible, albeit complex. Karnišovas surely has other ideas up his sleeve too.
As of the Ball deal, the Bulls remain over-the-cap because of Markkanen's cap hold. Where they go from here remains to be seen, but they certainly began free agency with a bang.