Report: In other trade to clear space for Dwyane Wade, Bulls trade Jose Calderon to Lakers

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Update 4: Johnson:

That about settles it. A second-rounder or two is fine for the Lakers, but it’s nothing to get excited about.

 

Update 3: Bresnahan:

With conflicting information, we’ll have to wait and see.

 

Update 2: K.C. Johnson of the Chicago Tribune:

That’s even less.

What are you doing, Lakers?

 

Update: Mike Bresnahan of Time Warner Cable SportsNet:

That isn’t much.

 

The Bulls are clearing space to sign Dwyane Wade.

First, Chicago sent Mike Dunleavy to the Cavaliers.

Now, Jose Calderon is headed to the Lakers.

Adrian Wojnarowski of Yahoo Sports:

Presumably, the Lakers get an asset — likely a draft pick — for taking Calderon.

Calderon is on an expiring contract that will pay him $7,708,427 next season. So, he won’t cut into the Lakers’ flexibility in future years. They also needed another point guard with D'Angelo Russell, and the free-agent market has dried up quickly at the position. Calderon, who turns 35 before the season, is a shell of himself, but he can still play a little.

Those are small bonuses, though. The main reason to make this trade is for the positive asset attached to Calderon.