PBT Extra: What does Derrick Rose trade mean for Bulls, Knicks?

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While this trade had been rumored for a while — the Bulls were shopping Derrick Rose, the Knicks needed an upgrade at point guard — it coming on the eve of the NBA Draft was a surprise (and it kicks off what will be a wild night of draft trades).

How does this trade work out for both sides? I break it down in this PBT Extra.

For the Bulls, this trade makes them better because they picked a direction. With Rose and Joakim Noah treating Jimmy Butler like their little brother, the dynamic around the team was awkward — especially since Butler got a max contract and was clear-and-away the best player on the team. Even if they don’t get better in the short term (depending on other free agent moves) this is the team moving toward how coach Fred Hoiberg wants the roster.

But this is an upgrade for a Knicks team that suddenly looks like a playoff squad. Rose isn’t the MVP version of himself, but he’s a lot better than the guys they had last year (Jose Calderon and Jerian Grant are now Bulls as part of the deal). A Kristaps Porzingis/Derrick Rose pick-and-roll will be hard to defend, especially with Carmelo Anthony on the floor. Plus they still have the money to chase a free agent such as Pau Gasol (who will not be back with the Bulls). And if Rose doesn’t work out, he’s in the last year of his contract.

Jeff Hornacek should be a happy man today.