Watch CBS News

NBA Draft Tracker: Bulls Acquire Doug McDermott Via Trade

(CBS) A pivotal offseason is already off and running for the Bulls, and it took an important step tonight with the NBA Draft. This year's class is one of the deepest in history, and Chicago has a variety of options as it holds the No. 16 and No. 19 picks in the first round then No. 49 overall in the second round.

The Bulls are holding their draft party at the Berto Center in Deerfield, where Gar Forman and Tom Thibodeau will speak to the media at the night's conclusion.

Until then, reporter Cody Westerlund will be providing live draft updates in this space. Follow him on Twitter @CodyWesterlund. On-air reporter David Schuster is also on site to provide updates on 670, so be sure to tune in there too.

10:39 p.m. -- The Bulls selected New Mexico power forward Cameron Bairstow with in the second round with the No. 49 overall pick.

10:32 p.m. -- The Bulls' second-round pick comes at No. 49 overall, which figures to occur in the next 10 minutes or so.

9:59 p.m. -- Doug McDermott has shared a few words.

9:20 p.m. -- The Bulls-Nuggets trade is official now, as commissioner Adam Silver announced it. Chicago will also send a 2015 second-round pick to Denver. So the final tally:

Chicago receives: Doug McDermott (No. 11 overall), Anthony Randolph
Denver receives: Jusuf Nurkic (No. 16), Gary Harris (No. 19), Chicago's 2015 second-round pick

9:12 p.m. -- Nuggets power forward Anthony Randolph will also be included in the Denver-Chicago trade, according to Denver Post beat writer Chris Dempsey. Randolph is set to make $1.8 million next season on a deal that expires in 2015, so he could be another player to include in a sign-and-trade to help match salary.

8:56 p.m. -- By trading their two first-round picks to acquire Doug McDermott, the Bulls avoided having to add two rookie-scale contracts. That will save them about $350,000, the Tribune's K.C. Johnson reported. It may not be a ton, but every little bit will help in a the chase to try and offer Carmelo Anthony a competitive contract.

8::26 p.m. -- Here's our initial story on the Bulls acquiring Doug McDermott in a trade with the Nuggets.

7:48 p.m. -- The Bulls have made their first big move of the night, reportedly acquiring Creighton small forward Doug McDermott in a trade with the Nuggets. ESPN reported that Chicago sent its 16th and 19th picks to Denver. The Wooden Award winner, McDermott projects as a small forward and was college basketball's best all-around scorer last season. He's also a terrific 3-point shooter, with a .458 clip in his four years at Creighton.

7:37 p.m. -- After the Hornets took Noah Vonleh at No. 9, the 76ers had the first major surprise of the night, taking point guard Elfrid Payton from Louisiana-Lafayette. He has questions about his outside shot but is an explosive creator, albeit most of his work came against mid-major or worse competition. It's the second gamble of the night for Philadelphia, which took Joel Embiid at No. 3. The 76ers are all-in on potential. Still, Yahoo Sports' Adrian Wojnarowski reported Payton could be a trade chip.

7:23 p.m. -- After the Lakers selected Kentucky power forward at No. 7, the Kings took Michigan sharpshooting wing Nik Stauskas at No. 8. The Bulls had interest in Stauskas, who worked at in Chicago before the draft. His draft stock rose high, though, after his sophomore season with the Wolverines, when he impressed with his ability to put the ball on the floor and finish as well as be a dead-eye shooter.

7:12 p.m. -- The Celtics took Oklahoma State point guard Marcus Smart at No. 6 -- which makes one think there will be a follow-up move, for he and Rajon Rondo don't seem to be an ideal fit in the same backcourt.

7:02 p.m. -- In maybe the first surprise of the draft, the Magic took Arizona forward Aaron Gordon at No. 4. He's not projected to be an offensive star, but his athleticism rivals anyone's in the draft and he makes for an intriguing pairing -- especially defensively -- with Victor Oladipo in Orlando. The Jazz followed at No. 5 by selecting Australian guard Dante Exum, per reports.

6:52 p.m. -- In a pivotal spot that will affect many in the lottery, the 76ers took a gamble and went with Kansas big man Joel Embiid at No. 3 despite his injury history.

6:47 p.m. -- As expect, Jabari Parker went No. 2 overall to the Bucks. He's the third Chicago native in the past seven drafts to go in the top two, joining Derrick Rose and Anthony Davis, who both were selected first overall.

6:40 p.m. -- The Cavs selected Kansas wing Andrew Wiggins with the first overall pick. That sets Jabari Parker up to go to Milwaukee at No. 2 -- that's who the Bucks wanted.

6:29 p.m. -- This is the sixth time in franchise history the Bulls have held the No. 16 pick. In 2009, they selected James Johnson in the slot, while in 2006 they took Rodney Carney and soon flipped him as part of a deal for Thabo Sefolosha.

6:04 p.m. -- Here's another link to kill a few minutes. Cody Westerlund broke down the LeBron effect and what it means for the Bulls' offseason. Plus, he breaks down what tonight's moves by Chicago could mean.

5:46 p.m. -- Bide your time before the draft by checking out Chris Emma's mock draft. He has the Bulls taking a sharpshooting wing and a European.

5:36 p.m. -- We're about an hour away from the Cavs making the first pick. All indications are they'll decide between Kansas wing Andrew Wiggins and Duke wing Jabari Parker. One of the main suitors pursuing a trade for the top pick, the 76ers, has backed off, according to Yahoo Sports' Adrian Wojnarowski. So it looks like Cleveland will keep it.

2014 NBA Draft
1. Cavs -- Andrew Wiggins, SF, Kansas
2. Bucks -- Jabari Parker, F, Duke
3. 76ers -- Joel Embiid, C, Kansas
4. Magic -- Aaron Gordon, F, Arizona
5. Jazz -- Dante Exum, G, Australia
6. Celtics -- Marcus Smart, PG, Oklahoma State
7. Lakers -- Julius Randle, PF, Kentucky
8. Kings -- Nik Stauskas, SG, Michigan
9. Hornets -- Noah Vonleh, PF, Indiana
10. 76ers -- Elfrid Payton, PG, Louisiana-Lafayette (traded to Magic)
11. Nuggets -- Doug McDermott, SF, Creighton (traded to Bulls)
12. Magic -- Dario Saric, SF, Croatia (traded to 76ers)
13. Timberwolves -- Zach LaVine, SG, UCLA
14. Suns -- T.J. Warren, F, N.C. State
15. Hawks -- Adreian Payne, PF, Michigan State
16. Bulls -- Jusuf Nurkic, C, Bosnia (traded to Nuggets)
17. Celtics -- James Young, G/F, Knetucky
18. Suns -- Tyler Ennis, PG, Syracuse
19. Bulls -- Gary Harris, SG, Michigan State (traded to Nuggets)
20. Raptors -- Bruno Caboclo, F, Brazil
21. Thunder -- Mitch McGary, PF/C, Michigan
22. Grizzlies -- Jordan Adams, SG, UCLA
23. Jazz -- Rodney Hood, SF, Duke
24. Hornets -- Shabazz Napier, PG, UConn (traded to Heat)
25. Rockets -- Clint Capela, PF, Switzerland
26. Heat -- P.J. Hairston, SG, North Carolina/Texas Legends (traded to Hornets)
27. Suns -- Bogdan Bogdanovic, SG, Serbia
28. Clippers -- C.J. Wilcox, SG, Washington
29. Thunder -- Josh Huestis, PF, Stanford
30. Spurs -- Kyle Anderson, SF, UCLA

View CBS News In
CBS News App Open
Chrome Safari Continue
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.