Houston Rockets trade Michael Carter-Williams and cash to Chicago

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HOUSTON (SPORTSRADIO 610) - The Houston Rockets have traded Michael Carter-Williams and cash to the Chicago Bulls for a heavily protected second-round Draft pick and luxury tax relief. 

Chicago will send a future conditional second-round pick to complete deal, source says. Salary cap move for the Rockets, who would've had to guarantee Carter-Williams deal for the season by 5 PM today. https://t.co/sNhb4SkttB

— Adrian Wojnarowski (@wojespn) January 7, 2019

Adrian Wojnarowski is reporting that the Bulls will wave Carter-Williams due to his contact turning guaranteed at 5 PM.

The second-round pick is heavily protected and most think the Rockets will NOT actually get the pick in the end. 

The 2nd-round pick the Bulls are sending the Rockets to help take MCW off their books for luxury tax relief is so heavily protected that it's unlikely to convey, a source said.

— K.C. Johnson (@KCJHoop) January 7, 2019