In a multiplayer deal, the Bulls trade point guard Rose, to the Knicks. Bulls chairman Reinsdorf:
Knowing Derrick as I do makes this trade a hard one. Everyone knows him as the local kid who became MVP for his hometown team, but not everyone got to know him like I did. While he is a terrific basketball player, he is an even better person with a tremendous heart. I wish him the best of health for the remainder of his career, and I want to personally thank him for everything that he did on the court and in the community during his time with the Chicago Bulls.