In return, Washington will take on Jabari Parker and Bobby Portis. Porter makes the Bulls better, and should return to being a 40% three-point shooter when fully healthy, but he is nearly surely not the guy who gets Chicago over the hump, and to find that guy, they probably need to be losing games, not winning them.
For Chicago, the trading of Portis signals the complete passing of the frontcourt torch to second-year forward Lauri Markkanen and rookie big man Wendell Carter Jr.
He never really fit in Chicago and was unable to find a consistent role despite myriad injuries to the Bulls frontcourt.
The move sheds Washington of significant salary, as Porter is owed $26 million this season and $27.2 million in 2019-20.
So the Bulls will go forward with Porter on the wing.
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Porter is in the second season of a four-year, $106 million deal that the Wizards matched after he signed an offer sheet with Brooklyn in the summer of 2017.
The trouble was the Bulls, struggling at 12-41 and having undergone a coaching change this season, weren't considered a possible landing spot for any free agent of effect.
Amid its struggles, Chicago is looking to become more competitive to create a better culture for its younger core and possibly become more attractive for free agents down the line. Did the Bulls make a smart move taking on Porter's bloated contract? Maybe they rehabilitate Porter's value and trade him again.
Parker had signed a one-year, $20 million deal with his hometown Bulls prior to the start of the season, but quickly fell in new head coach Jim Boylan's doghouse.
With Portis and Parker, the Wizards acquired two players who have flashed potential but also have struggled in the National Basketball Association. Not long after Hoiberg was sacked and the newly promoted Jim Boylen took over on December 3, Parker fell out of the rotation altogether.