Bulls, Hornets' Rosters, Salary Cap, NBA Draft Picks After Coby White, Mike Conley Jr., Sexton Trade

The Chicago Bulls have been one of the most active teams ahead of Thursday's NBA trade deadline, and they continued their wheeling and dealing on Wednesday.

According to ESPN's Shams Charania, the Bulls are trading guards Coby White and Mike Conley Jr. to the Charlotte Hornets for guard Collin Sexton, forward Ousmane Dieng and three second-round picks. Here's how the moves impact both the Bulls and Hornets rosters:

• Hornets PG Depth Chart: LaMelo Ball, Tre Mann, Mike Conley Jr.
• Hornets SG Depth Chart: Kon Knueppel, Coby White, Josh Green
• Bulls PG Depth Chart: Josh Giddey, Tre Jones, Collin Sexton
• Bulls PF Depth Chart: Matas Buzelis, Patrick Williams, Ousmane Dieng

Per Spotrac, the Bulls are $28.6 million over the salary cap but still under the first and second aprons for the luxury tax. They also added three future second-round picks while already owning their first-round selection in 2026, as well as the Portland Trail Blazers' pick if it falls between 15-30.

Meanwhile, the Hornets are $32.5 million over the cap but still in good standing with the luxury tax. Charlotte also still owns its first-round picks for the next seven years.

ESPN's Bobby Marks noted that if the Hornets choose to waive Conley, he would be able to re-sign with the Minnesota Timberwolves, who had traded him to the Bulls on Tuesday.

Charania added that the Hornets acquired Dieng from the Oklahoma City Thunder for veteran center Mason Plumlee before re-routing him to the Bulls.

White, who missed time earlier in the season with a calf injury, is undoubtedly the biggest prize of this deal. The sharpshooting guard averaged 18.6 points and 4.7 assists in his 29 appearances for Chicago this year. However, it should be noted that he will become an unrestricted free agent at the end of the season, as this is the final year of his contract.

The Hornets have been stuck in a perpetual rebuild for years, but they appear to finally be turning a corner. Charlotte has won its last seven games to improve to 23-28 this season.

The Bulls are 24-27, but five losses in their last six games pushed the team to make some changes. In addition to shipping away White, the Bulls also sent guard Kevin Huerter to the Detroit Pistons and acquired guard Jaden Ivey as part of Tuesday's trade with the Timberwolves. Chicago also sent star big man Nikola Vucevic to the Boston Celtics in exchange for guard Anfernee Simons.

There's still a lot of time left between now and Thursday's NBA trade deadline, so it wouldn't be a surprise if the Bulls continue to tinker with their roster until then.