Bulls, Wolves, Pistons' Updated Salary Caps, Rosters, Draft Picks After Reported 3-Team Conley Trade

The shakeup around the NBA ahead of Thursday's trade deadline continued with a three-team deal on Tuesday.

Per ESPN's Shams Charania, the Chicago Bulls, Minnesota Timberwolves and Detroit Pistons agreed to a trade that sends guards Mike Conley Jr. and Jaden Ivey to the Bulls and guard Kevin Huerter and forward Dario Saric to the Pistons. Detroit is also receiving a 2026 first-round protected swap from Minnesota.

Charania added that the trade "creates significant tax savings and roster space" for the Timberwolves as they "pursue a Milwaukee star this week," namely Bucks forward Giannis Antetokounmpo.

ESPN's Bobby Marks noted that Minnesota is now under the first apron and had its luxury tax drop from $24 million to $3.8 million. He also explained the salary cap impact of the players involved in the deal:

The Bulls are adding Conley and Ivey to an injury-riddled backcourt that is dealing with the absence of guards Josh Giddey and Tre Jones due to hamstring injuries. Coby White and Ayo Dosunmu have held down the fort and will benefit from the depth added in Tuesday's trade.

Meanwhile, the Bulls' roster continued to get a makeover, as Charania later reported that Chicago traded Nikola Vučević and a second-round pick to the Boston Celtics in exchange for Anfernee Simons and a second-round pick.

Huerter is a career 37.1 percent shooter from three-point range, giving the Pistons more spacing around star guard Cade Cunningham. He joins a Detroit backcourt that also includes sharpshooters Duncan Robinson and Caris LeVert. Marks noted that Saric can be moved again because "his salary is going into an exception and not aggregated."

As for Minnesota, Tuesday's deal was made with an eye toward landing a bigger fish. The Timberwolves reportedly have been trying to get their ducks in a row for a potential Antetokounmpo trade over the last few days.

"They're out there recruiting third and fourth teams to try to improve their offer to see if they can get Giannis," ESPN's Brian Windhorst said on Monday's episode of NBA Today. "If they don't, which I think it's a long shot, you could see them making a backup deal with a guard."

Adding Antetokounmpo alongside star guard Anthony Edwards would make the Timberwolves one of the top contenders in the league, so it remains to be seen if Minnesota can pull off a blockbuster deal before Thursday's deadline.