The Warriors reached an agreement to send restricted free-agent point guard C.J. Watson to the Chicago Bulls in exchange for a 2011 second-round draft pick, multiple team sources told Bay Area News Group on Monday.
The deal was not complete as of press time but imminent.
Watson signed a three-year, $10.2 million deal with the Warriors, one source said, who then traded him to the Bulls. Watson is expected to back up Chicago All-Star point guard Derrick Rose and shore up the Bulls bench.
Watson is the sixth player from last year's Warriors roster to be traded away this offseason. The Warriors are also likely to get a trade exception in the deal. It would be worth half of whatever amount Watson gets in his first season. Based on Watson's expected salary, it figures to be in the neighborhood of $2 million.
Either way it is one more chip the Warriors have stored for later use. Golden State now has a trade exception each for Watson and guard Anthony Morrow (who was traded to New Jersey), and the expiring contracts of forward Vladimir Radmanovic ($6.9 million), center Dan Gadzuric ($7.2 million) and forward Brandan Wright ($3.4 million).
The Warriors are in the market for a backup point guard to starter Stephen Curry. Watson had a career season last year, his third in the league. He averaged 10.3 points on 46.8 percent shooting with 2.8 assists. He averaged 27.5 minutes and started 15 games.
But, according to a source, Warriors general manager Larry Riley would've had a hard time paying as much as $3 million for Watson.