Earlier in the week, the Pelicans and Chicago Bulls reportedly agreed to a deal that would send Mirotic to the Big Easy, but it because of Mirotic's contract. He wouldn't approve any deal without being assured that his team option for next season would be picked up.
Now, according to ESPN's Adrian Wojnarowski, the talks are back on, and Mirotic seems likely to finally make his way to the Pelicans. New Orleans will, per Wojnarowski, guarantee Mirotic's $12.5 million for next season.
Pelicans and Bulls have reached an agreement in principle on Mirotic trade, league sources tell ESPN.— Adrian Wojnarowski (@wojespn) February 1, 2018
New Orleans is planning to guarantee the $12.5M salary of Mirotic in the 2018-19 season, league sources tell ESPN. That clinched a deal. Omer Asik and a future first-rounder part of package to Bulls, league source tells ESPN.— Adrian Wojnarowski (@wojespn) February 1, 2018
The core of the deal is Omer Asik and a future first-round pick in exchange for Mirotic. But in addition, the Pelicans will also be sending Tony Allen and Jameer Nelson to the Bulls, and receiving a second-round pick. The first-round pick the Bulls are receiving will be protected, while Allen is expected to be waived, according to reports.
First-round pick the Pelicans are sending Chicago in Mirotic trade is protected 1-5 in 2018, per source, with gradual easing of protections in subsequent years.— David Aldridge (@daldridgetnt) February 1, 2018
It is unlikely the Bulls will keep Tony Allen, league sources tell ESPN. He will likely be waived and become a free agent.— Adrian Wojnarowski (@wojespn) February 1, 2018
Bulls are planning to keep guard Jameer Nelson, league source tells ESPN.— Adrian Wojnarowski (@wojespn) February 1, 2018
According to SportsLine data scientist Stephen Oh, the trade will have a small, but important impact on New Orleans' outlook for the rest of the season. Per SportsLine's projections, acquiring Mirotic will increased their chances of making the playoffs by 6.6 percent.
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Of course these are just projections, but that is certainly good news for the Pelicans.