Breaking: DeMar DeRozan Trade Is Official in 3-Team Deal

After days of intense negotiations, it's now official as of late Saturday night: DeMar DeRozan is signing a 3-year, $76 million contract as part of a three-team sign-and-trade, and is heading to the Sacramento Kings.

The full DeMar DeRozan sign-and-trade deal featuring the Bulls, Kings and Spurs:

Bulls = Chris Duarte, two second-round picks

Kings = DeMar DeRozan on three-year, $74 million contract

Spurs = Harrison Barnes, unprotected 2031 pick swap via Kings pic.twitter.com/xJQh3NAdGR
— Evan Sidery (@esidery) July 7, 2024

The Kings get the 6-time All-Star DeRozan, while the Chicago Bulls pick up Chris Duarte and two second-round picks, and the San Antonio Spurs came in, taking on Harrison Barnes from the Kings in exchange for an unprotected 2031 pick swap.

We knew all along that the hold-up in any deal was that the Bulls did not want to take on salary in helping DeRozan get his sign-and-trade, so San Antonio was brought in as the third team, to help bring the deal to fruition.

We reported earlier in the day that DeRozan flew to Sacramento to meet face-to-face with team officials, and one of those people, we're now hearing, per insider Chris Haynes, was Kings star guard De'Aaron Fox, who helped seal the deal with the former Toronto Raptors, Spurs & Bulls star.

Sources: Sacramento Kings star De’Aaron Fox played a pivotal role today by joining today’s meeting to help recruit DeMar DeRozan. The two are ecstatic about partnering together on the court.
— Chris Haynes (@ChrisBHaynes) July 7, 2024

Haynes says that DeRozan and Fox are thrilled to be teammates.

We'll leave the final word to the frenzied fans in Sacramento, who gave DeRozan a wild ovation tonight as he strolled into Golden 1 Center during a California Classic Summer League game.

DeMar DeRozan just walked into Golden 1 Center with Kings owner Vivek Ranadive to a huge ovation pic.twitter.com/sUC8oY3TCo
— Anthony Slater (@anthonyVslater) July 7, 2024