CHICAGO -- The Chicago Bulls made two trades Monday to clear salary-cap space, setting the stage for the addition of free-agent center Pau Gasol.
The Bulls sent forward Anthony Randolph, two second-round draft picks and cash considerations to Orlando for the rights to Milovan Rakovic. They also traded forward Greg Smith to Dallas for the rights to Tadija Dragicevic.
The 6-foot-11 Randolph was acquired in a draft-night trade with Denver that gave the Bulls the rights to high-scoring Creighton forward Doug McDermott. The journeyman has played for Golden State, New York, Minnesota and Denver in six seasons in the NBA, averaging 7.1 points and 4.3 rebounds.
The rights to Rakovic, who has played his entire career overseas, were originally acquired from Dallas in 2007. Orlando intends to waive Randolph.
Chicago signed Smith in April after he was waived by Houston, but he never appeared in a game with the Bulls. The 6-10 Smith averaged 5.3 points and 4.1 rebounds in 89 games with the Rockets over the last three seasons.
The 6-9 Dragicevic was selected by Utah with the 53rd overall pick in the 2008 draft. He was traded to Dallas in a four-team deal in 2012 and has never appeared in an NBA game.
The pair of moves helps make room for Gasol, who announced over the weekend he planned to join the Bulls. The 7-0 Gasol is a four-time All-Star and averaged 17.4 points and 9.7 rebounds in 60 games last season with Los Angeles.
Magic add shooter with signing of veteran Channing Frye
ORLANDO, Fla. -- The Orlando Magic have completed their biggest free agency acquisition this summer with the signing of veteran Channing Frye.
Frye agreed to a four-year, $32 million deal last week, but officially signed with the Magic on Monday. Along with the signing of veteran Ben Gordon last week, the addition injects a veteran presence back into a locker room that lost Jameer Nelson and Arron Afflalo.
In Frye that means a coveted 6-foot-11 forward that general manager Rob Hennigan says he hopes will give the Magic offense the ability to stretch the floor.
The Magic also announced a minor deal with Chicago in which they acquired the contract of forward Anthony Randolph, two future second-round draft picks and cash in exchange for the draft rights to Milovan Rakovic.
Heat finalize deals with McRoberts, Chalmers
MIAMI -- The Miami Heat signed free-agent forward Josh McRoberts and point guard Mario Chalmers on Monday.
Both deals were agreed to previously, but not signed until the Heat had more pieces of their salary-cap puzzle put into place. McRoberts signed a four-year deal that will pay him $5.3 million next season. Chalmers got a two-year deal that will have him earning about $4 million next season.
McRoberts averaged 8.5 points, 4.8 rebounds and 4.3 assists for Charlotte last season.
Heat President Pat Riley says McRoberts was one of Miami's "main targets" in free agency.
Chalmers has been with Miami for all six of his pro seasons, helping win two championships.
He averaged 9.8 points and 4.9 assists last season and shot 38 percent from 3-point range.