April 17, 2013; Denver, CO, USA; Denver Nuggets forward Anthony Randolph (15) with the ball during the first half against the Phoenix Suns at the Pepsi Center. Mandatory Credit: Chris Humphreys-USA TODAY Sports

Orlando Magic to waive Anthony Randolph

On Monday, the Orlando Magic and Chicago Bulls pulled off a minor deal.

The Bulls sent big man Anthony Randolph and two second round picks to the Orlando Magic in exchange for the rights to Milovan Rakovic. Rakovic has been playing overseas since the Magic acquired him on draft night in 2007 and has never shown any signs of playing in the NBA. At 29 years old, he will likely finish his career. 

The Bulls made the move to clear cap space after agreeing to deals with Los Angeles Lakers free agent big man Pau Gasol and Real Madrid forward Nikola Mirotić, who the Bulls acquired the rights to on draft night in 2011. The Magic, in the midst of their rebuilding project, are still collecting as many assets as they can. In addition to picks in the 2015 and 2016 draft, the Magic receive cash as well. They took advantage of the Bulls needing salary cap room. The Magic will reportedly waive Randolph, who is due just over $1.8 million this season.

Josh Robbins of The Orlando Sentinel has all the details.

From Orlando’s perspective, the move is a positive one because the Magic will receive two second-round picks. Rakovic isn’t a loss for the Magic because he wasn’t in the team’s plans.

Chicago currently owns its own second-round pick in 2015 and the Portland Trail Blazers’ second-round pick in 2015. The Bulls also own their own second-round pick in 2016 and the Blazers’ second-round pick in 2016.

In each year, the Magic will receive the more favorable of those picks.

Randolph is coming off what will likely be considered the worst season of his career. He averaged 4.8 points and 2.8 rebounds per game while shooting just 38.6% from the field.

Tags: Anthony Randolph Chicago Bulls Orlando Magic

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