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Smith’s contract is guaranteed and his $6 million annual salary comes out of the team’s non-taxpayers mid-level exception ($9.2)
— Candace Buckner (@CandaceDBuckner) July 1, 2019Minutes later, Adrian Wojnarowski of ESPN reported the Wizards had dealt Tomas Satoransky to the Bulls in a sign-and-trade.
Chicago has reached agreement on a sign-and-trade with Washington for guard Tomas Satoransky, league sources tell ESPN. Bulls are signing Satoransky to a three-year deal, league sources tell ESPN.
— Adrian Wojnarowski (@wojespn) July 1, 2019Tomas Satoransky's three-year deal with the Bulls: $30M, league sources tell ESPN.
— Adrian Wojnarowski (@wojespn) July 1, 2019The Bulls are sending a 2020 2nd round pick and the rights to swap a future 2nd round pick in the Satoransky deal, per source.
— K.C. Johnson (@KCJHoop) July 1, 2019The Wizards are receiving a a 2020 second round pick and the rights to swap a future second round pick from the Bulls, per K.C. Johnson of the Chicago Tribune.
First of all, thank you #DCFamily, my teammates, fans and all supporters for the last 3 years in the capital city. I appreciate it a lot ❤ But a new chapter is here and I am so excited and proud to be a part of #chicagobulls. Can't wait to be on a court at United Center!
— Tomas Satoransky (@satoransky) July 1, 2019Per David Aldridge, the Wizards are still in the point guard market after the Smith signing and are talking with Isaiah Thomas.
Wizards losing Satoransky, but are talking with veteran PG Isaiah Thomas and hoping there’s a fit there, per source.
— David Aldridge (@davidaldridgedc) July 1, 2019