Wolves, Bulls & Nets Updated Salary Cap, Depth Chart, NBA Draft Picks After Shocking 3-Team Trade

The first blockbuster trade of the NBA offseason took place on Monday as the Minnesota Timberwolves sent Julius Randle to the Brooklyn Nets in a three-team trade.

The Nets received Randle and the No. 28 pick in Tuesday's draft, while Minnesota received the No. 33 pick. The third team in the trade, the Chicago Bulls, landed Nets big man Nic Claxton.

The trade appears to be a money-saving move for the Wolves, who freed up $36 million with the deal.

The Timberwolves reportedly had been gauging Randle's trade value in recent days, but the trade still came as a bit of a surprise. After all, Randle averaged 21.1 points, 6.7 rebounds and 5.0 assists per game, which would seemingly warrant more than just a first-round pick.

Minnesota was expected to join the bidding war for Milwaukee Bucks star Giannis Antetokounmpo, though that race reportedly is down to the Miami Heat and Boston Celtics.

The move does give the Wolves the chance to have a big offseason, even if they don't end up with Antetokounmpo.

The first order of business would seemingly be to re-sign Ayo Dosunmu, who is entering free agency for the first time. Dosunmu is coming off a strong season in which he put up 14.8 points per game after being traded by the Bulls at the deadline. He showed flashes of what's to come when he put up 43 points against the Denver Nuggets in the first round.

Minnesota also now has the flexibility to sign another free agent, perhaps a power forward who could replace Randle.

As for the Nets, they add a proven veteran to a young roster as they look to continue their rebuild. Brooklyn still has nearly $20 million in cap space, so it too could make a key signing or two to bolster the roster.

The Bulls, armed with the No. 4 pick in Tuesday's draft, bring in a rim-running big man who gives them an instant upgrade on defense. Chicago also has about $30 million in cap space to work with.