It's official, Nikola Mirotic is off the table for the Utah Jazz

It's official, Nikola Mirotic is off the table for the Utah Jazz

It's official, Nikola Mirotic is off the table for the Utah Jazz

In exchange, Chicago receives center Omer Asik, Jameer Nelson, Tony Allen and a 2018 first round pick with "minimal" protections.

After being selected by the Houston Rockets with the 23rd overall pick in the 2011 draft, Mirotic was traded to the Minnesota Timberwolves, then the Timberwolves traded him to the Chicago Bulls.

Now, the trade is happening, according to multiple reports. On Thursday, the Bulls came out of the unenviable and almost unprecedented situation with all they really wanted.

Asik, who spent time with Chicago as a defensive enforcer during Derrick Rose's prime years, has $11.2 and $11.9 million left on his albatross of a contract.

By any measure, he's having the best season of his four-year National Basketball Association career, shooting a career-best 47.4 percent from the field, 42.9 percent from three-point range and 82.3 percent at the foul line. Quickly and consistently, it became evident the Bulls would work to trade Mirotic, who sought elsewhere a starting spot he lost to rookie Lauri Markkanen after winning it in training camp.

Health has been a bigger issue for the Bulls (18-32), who visit Moda Center on Wednesday night to face the Portland Trail Blazers. However, the Bulls can stretch that out before next season and just pay out $2.9 million over five years - a negligible price given their current situation.

For Chicago, the fourth-youngest team in the National Basketball Association, this trade opens the door for head coach Fred Hoiberg to give more minutes to the likes of Portis, Rookie of the Year candidate Lauri Markkanen, and Paul Zipser.

He returned December 8, and the Bulls won 10 of 12 games, including seven consecutive.

The Pelicans are apparently now ready to pick up Mirotic's $12.5 million contract option for next season.

We'll update this post if any further details emerge. After having started only 3 games his rookie year, Nikola would start 38 total games his second season. Tellingly, when asked about waiving players, Paxson said a week remains until the February 8 deadline.

However, that deal has collapsed and the two teams have been unable to complete the trade due to Mirotic awaiting his $12.5 million team option for the 2018-19 season to be exercised.

To make room on their roster, the Bulls will reportedly release Quincy Pondexter, according to Wojnarowski's report.

Nelson and Allen each signed one-year deals in the offseason and are potential buyout/waiver candidates.

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