10:20pm: The Bulls have issued a press release confirming the three-team deal. The Pistons have also confirmed the trade (Twitter link).
3:36 pm: The Timberwolves will receive cash in the three-team deal, according to Jake Fischer of The Stein Line (Twitter link).
1:31 pm: The Pistons are trading fourth-year guard Jaden Ivey to the Bulls in a three-team trade that also involves the Timberwolves, reports Shams Charania of ESPN (Twitter link).
According to Charania, Minnesota is sending veteran point guard Mike Conley to Chicago, while swingman Kevin Huerter and forward/center Dario Saric are headed from Chicago to Detroit. The Pistons will also acquire a protected 2026 first-round pick swap from the Timberwolves as part of the deal.
Ivey, who will turn 24 later this month, was the fifth overall pick in the 2022 draft and started 164 of 181 games in his first three seasons in Detroit, averaging 16.1 points and 4.4 assists per contest. However, he missed the second half of the 2024/25 season due to a broken left leg and had his debut this past fall delayed due to a right knee issue.
Ivey was playing a modest role for the East-leading Pistons this season, averaging just 8.2 PPG in 16.8 MPG in 33 outings (two starts).
With potential restricted free agency around the corner for Ivey, the Pistons apparently decided he wasn’t in their long-term plans and had begun fielding calls on him in recent weeks, per Vincent Goodwill of Yahoo Sports (Twitter link). The Bulls will add the former Purdue standout to an increasingly crowded backcourt that also features Josh Giddey, Coby White, Ayo Dosunmu, and Tre Jones.
While Giddey is considered a building block in Chicago, the acquisition of Ivey could set up the Bulls to trade one or more of their other guards ahead of this Thursday’s deadline. Chicago will take control of Ivey’s Bird rights, positioning the team to sign him to a new contract as a free agent this July.
With Ivey playing a diminished role in Detroit, the Pistons decided to swap him for a sharpshooter in Huerter who will immediately fill a hole on the roster. As good as the 36-12 Pistons have been this season, three-point shooting remains an area of weakness for the club, which ranks just 27th in the NBA in three-point makes per game (11.1) and 21st in three-point percentage (34.8%).
Huerter has struggled from beyond the arc this season, making just 31.4% of his outside shots, but he entered the season as a career 37.5% shooter and finished strong after a similarly slow start in 2024/25.
It’s unclear whether the Pistons intend to hang onto Saric, who has made just 21 appearances since the start of the ’24/25 season. Even if they plan to eventually waive him, they’ll first need to open up a roster spot in order to accommodate the one-for-two trade.
The pick swap Detroit is acquiring from Minnesota should put the team in position to move up at least a handful of spots in the draft this June. If the season ended today, the Pistons’ pick would be able to swap the No. 29 pick for No. 23.
The Timberwolves are essentially making a salary-dump move by sending out Conley’s $10.8MM expiring contract. The team began the day operating more than $8MM over the first tax apron and with a projected tax bill of about $24MM, but they’ll move below the first apron by roughly $2.5MM and will reduce their projected tax bill to just $3.8MM, tweets ESPN’s Bobby Marks.
What Minnesota ends up doing with those savings remains to be seen. The extra flexibility could come in handy in a bigger move for a player like Giannis Antetokounmpo. The newly created $10.8MM trade exception (equivalent to Conley’s outgoing salary) could also be useful to acquire more backcourt help at the deadline if the Wolves aren’t able to land Giannis. Alternately, the club might just be a single move away from ducking the tax entirely.
It’s unclear based on the terms reported so far what the Wolves will be receiving in the three-team deal, but it will likely be a very minor asset like cash, a heavily protected second-round pick, or a draft-rights player.
The Pistons will use Ivey’s outgoing $10.1MM salary to match Huerter’s incoming $18MM expiring contract while employing a portion of their $14MM trade exception to absorb Saric’s expiring $5.4MM deal. The Bulls, meanwhile, could create a trade exception equivalent to Huerter’s $18MM outgoing salary by using Saric to match Conley and taking Ivey’s salary into their unused mid-level exception, observes cap expert Yossi Gozlan (Twitter link).
Tami Roberie
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