NBA Trades: Bulls Trade Derrick Rose to the New York Knicks

Derrick Rose

After seven seasons in Chicago, it appears Derrick Rose's run with the Bulls is up, as he gets sent to New York in a trade with the Knicks.

According to ESPN, the Bulls have traded Rose -- alongside a 2017 second-round pick -- to the Knicks, in exchange for center Robin Lopez, guard Jose Calderon and guard Jerian Grant.

A source close to Rose tells ESPN that he's very emotional about leaving his hometown team, where he's spent his entire career. However, he's happy about the big stage of New York City. "His first choice was New York," the source said. "He wants the spotlight."

Bulls chairman Jerry Reinsdorf called the trade a "hard one" to make. "Everyone knows him as the local kid who became MVP for his hometown team, but not everyone got to know him like I did," Reinsdorf said in a statement. "While he is a terrific basketball player, he is an even better person with a tremendous heart."

During his run in Chicago, who drafted him No. 1 overall in 2008, Rose developed into a superstar, earning MVP honors in 2011. However, his career was derailed during the 2012 playoffs, where he suffered a tear in his ACL, missing an entire season thereafter, and then, the next when he suffered a torn meniscus in his return.

Knicks new head coach Jeff Hornacek was interested in upgrading its point guard position in the offseason... and does just that with Rose. "This is an exciting day for New York and our fans," Hornacek said in a statement. "Derrick is one of the top point guards in the NBA who is playoff-battle-tested. He adds a whole new dynamic to our roster and immediately elevates our backcourt."

Rose, 27, is owed $21.3 million in the final year of his contract, after which he'll be a free agent after the 2016-17 season.

Last season, he averaged 16.4 points on 42.7 percent shooting and 4.7 assists in 66 games.

Rose has appeared in just 50 percent of the Bulls' regular-season games over the past four years because of various injuries, including two major knee surgeries.