Quincy Pondexter, 2nd-Round Draft Pick Traded to Bulls from Pelicans

Alec NathanFeatured Columnist

NEW ORLEANS, LA - SEPTEMBER 23:  Quincy Pondexter #20 of the New Orleans Pelicans poses for a portrait during the 2016-2017 NBA Media Day on September 23, 2016 at the Smoothie King Center in New Orleans, Louisiana. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. Mandatory Copyright Notice: Copyright 2016 NBAE (Photo by Tyler Kaufman/NBAE via Getty Images
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The Chicago Bulls announced Friday they have acquired swingman Quincy Pondexter and a second-round pick from the New Orleans Pelicans in a deal for the draft rights to forward/center Ater Majok.

Pondexter, 29, has missed the last two seasons due to recurring knee injuries. The Bulls likely made the move for the pick and not Pondexter, who should be waived.

Pondexter currently has one year and $3.9 million remaining on his contract.

Although Pondexter was once renowned as a solid three-and-D specialist, having hit 36.5 percent of his career attempts from distance, he's not a particularly good fit in the Windy City.

The Bulls are embracing a full-scale rebuild, and allowing Pondexter to sop up minutes on the perimeter and siphon them off from younger players who need game time to develop wouldn't jibe with the team's current mission statement.

If Pondexter is ultimately let go, he'll be on a mission to prove he can still contribute in a meaningful capacity.

But considering his last appearance on the NBA hardwood came in April 2015, contenders in need of cost-effective veteran reinforcements on the bench will likely entertain the thought of signing him with a bit of skepticism until he proves capable of staying healthy.

For the Pelicans, the move is all about flexibility.

With Pondexter's cap hit off the books and a roster spot open, New Orleans has the flexibility to chase a replacement for small forward Solomon Hill, who "could miss much of [the] regular season" after suffering a torn hamstring, according to ESPN.com's Adrian Wojnarowski.