Per the Bulls official press release:
Chicago Bulls announced today that the team has assigned the contract
of forward James Johnson to the Toronto Raptors in exchange for Miami's
2011 regular first-round draft choice held by Toronto.
(6-9, 245) appeared in 13 games this season and averaged 3.2 ppg, 1.8
rpg,1.1 apg, 9.5 mpg, and shot .415 from the field. Last season, during
his rookie campaign, Johnson played in 65 games (11 starts) and posted
averages of 3.9 ppg and 2.0 rpg in 11.6 mpg and shot .452 from the floor
and .729 from the free throw line.
Johnson played two seasons at Wake Forest and was selected by Chicago in the first round (16th overall) of the 2009 NBA Draft.
First, great trade for Chicago. They clearly had no room to play Johnson and weren't doing so. Getting a 1st round pick for him is nice value given the relatively little he's shown in the league, lack of room to give him minutes to develop.
Besides getting a 1st rounder, they also get some cap room back to help facilitate another trade. I believe the Bulls are now around 3 million under the cap, so they can absorb a larger salary back in trade if they make a follow up move.
This trade also opens up the possibility of trading for Courtney Lee, Aaron Afflalo, or Anthony Parker by flipping the pick or including it with the Bulls own 2011 pick. At this point, a follow up trade seems more likely to me than before this deal as the Bulls don't really have a need of two 1sts. The Bulls can now absorb any of these players without sending back any other players.
If they hang on to both picks, look for the Bulls to potentially flip them on draft night or use them to move up higher in the draft.
Finally, as for James Johnson, I still think he can become a quality player in the league, not a star, but someone who can help a team and become a rotation player. It wasn't going to happen here, and I wish him the best in Toronto.
Thanks for the couple times you helped lead the Bulls from behind JJ, we appreciate it.