Bulls will receive 11 payments totaling $1.56 million from Rockets in Carmelo Anthony deal
The Chicago Bulls received $1,566,570 from the Houston Rockets in the Carmelo Anthony trade, but they aren’t going to get the money all at once.
According to salary cap guru Eric Pincus of Bleacher Report and Basketball Insiders, the Rockets will pay the Bulls 10 installments of $66,657, and then a single payment of $900,000 before July.
The Houston Rockets will pay $1,566,570 to the Chicago Bulls in the Melo deal – they’ll o so in 10 payments of $66,657 and then a lump sum to close out the balance before July at $900k @BBallInsiders — FWIW Melo wasn’t required to report or pass a physical w/Chicago
— Eric Pincus (@EricPincus) January 23, 2019
The Bulls love their money. They traded Jordan Bell to the Golden State Warriors in 2017 for $3.5 million. Bell has turned out to be a great young player for Golden State, while Chicago is a walking disaster and probably won’t even use that $3.5 million to improve the roster.
Many of the fans in Chicago know what Bulls owner Jerry Reinsdorf’s agenda is. Because the franchise has six championships and is one of the most famous teams in the world, there is a belief that Reinsdorf only cares about the other team which he owns, the Chicago White Sox.
Bill Simmons of the Ringer tweeted out something recently that Bulls fans are well aware.
Jerry Reinsdorf owns an NbA team in America’s 3rd biggest city, never pays the luxury tax, and is always available to pocket like 75k to help out another team. Keep cashing those season ticket checks Jerry!!! https://t.co/3lPpo701a0
— Bill Simmons (@BillSimmons) January 21, 2019
As for Carmelo Anthony, Chicago will reportedly part ways with him near the Feb. 7 trade deadline. Anthony appeared in just 10 games with the Rockets and wasn’t a good fit at all.
Many believe LeBron James and the Los Angeles Lakers will take a chance on Anthony next.
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