Wizards trade Otto Porter to Bulls for Bobby Portis, Jabari Parker

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(22) shoots a three point shot over Milwaukee Bucks forward Giannis Antetokounmpo (34) during the fourth quarter at Capital One Arena.

Washington traded Porter to the struggling Chicago Bulls on Wednesday for Parker and Portis.

In exchange, the Wizards will receive Parker and Portis.

Porter, who averaged 12.6 points and 5.6 rebounds with the Wizards this season, has two years and $55.7 million remaining on his contract. "During his time in the NBA, Otto has proven to be a terrific 3-point shooter while also being very efficient".

"We are excited to add Otto Porter to our team", general manager Gar Forman said in a statement. The Wizards held onto Porter in 2017 by matching a $106.5 million, four-year, max-contract offer he had signed with the Brooklyn Nets. The 25-year-old has spent all six seasons of his career with the Wizards. The Bulls will now enter July with about $21 million in cap space, ESPN reported.

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For Chicago, this move is about bolstering the young core at a position of need.

Portis is a young power forward in his fourth National Basketball Association season with some intrigue, now averaging 14.1 points and 7.3 rebounds while shooting 37.5 per cent from three-point range.

There is still time for the Bulls to pull off another deal before Thursday afternoon's trade deadline, but the team has certainly been active as they continue to look for a direction to move forward with their rebuild. Parker landed on the second unit but didn't showcase much defensive effort early in the season. Parker, the No. 2 overall pick in 2014, has appeared in 39 games this season and is averaging 14.3 points and 6.2 rebounds in under 27 minutes per game. Not long after Hoiberg was sacked and the newly promoted Jim Boylen took over on December 3, Parker fell out of the rotation altogether.

Drafted by the Bulls in the first round of the 2015 NBA Draft, Portis dealt with a year that featured a few injury and some strong performances in his final few game against the Bulls.

Cody Westerlund is a sports editor for 670TheScore.com and covers the Bulls.