Chicago Bulls trade Derrick Rose to New York Knicks

The Chicago Bulls have agreed to send former No1 draft pick Derrick Rose to the New York Knicks in a hefty five-player trade.

The Bulls will deal Rose, Justin Holiday and a 2017 second-round draft pick to New York in exchange for big man Robin Lopez, guard Jerian Grant and veteran point guard Jose Calderon.

Rose was drafted by his hometown Bulls in 2008, and won the league MVP award in 2010-11 after leading his team to a 62-20 record before they fell to Miami in the conference finals. At 22, Rose became the youngest player in league history to win the award.

But he damaged his ACL in 2012, and has struggled to recapture his best form. He has appeared in only about half of the Bulls’ regular-season games over the past four years because of various injuries.

“Everyone knows him as the local kid who became MVP for his hometown team, but not everyone got to know him like I did,” the Bulls chairman Reinsdorf said in a statement. “While he is a terrific basketball player, he is an even better person with a tremendous heart.”

Both Knicks coach Jeff Hornacek and general manager Steve Mills had said that the team was interested in upgrading their point guard position in the offseason. The Knicks had a disappointing 2015-16 season and fired Derek Fisher in February.

“This is an exciting day for New York and our fans,” Hornacek said. “Derrick is one of the top point guards in the NBA who is playoff-battle-tested. He adds a whole new dynamic to our roster and immediately elevates our backcourt.”

Rose will be a free agent after the 2016-17 season. He averaged 16.4 points on 42.7% shooting and 4.7 assists in 66 games in 2015-16.

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