The Denver Nuggets and Chicago Bulls discussed general parameters of a deal that would have seen the Bulls use their salary cap space to accommodate a possible salary-dump deal, according to ESPN reporter Zach Lowe.
The two teams weren't able to agree upon a deal and the Nuggets made the trade with the Brooklyn Nets instead.
Denver traded Kenneth Faried, Darrell Arthur, a 2019 protected first-round pick and a future second-round pick to the Nets for Isaiah Whitehead. The Nuggets unloaded $21 million and waived Whitehead.
Faried is owed $13.8 million in 2018-19, the final year of his deal. The big man fell out of Denver’s rotation this past season and averaged 5.9 points and 4.8 rebounds in 32 games.
Arthur is slated to make $7.5 million next season. The forward averaged only 2.8 points per game in 2017-18. The Nets traded Arthur to the Phoenix Suns for Jared Dudley and a 2021 second-round pick.
The Bulls signed Chicago native Jabari Parker to a two-year, $40 million free agent deal after not being able to complete the trade with the Nuggets. The second year of Parker's contract is a team-option.