Report: Rockets agree to send Carmelo Anthony, cash to Bulls

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The Houston Rockets have agreed to send Carmelo Anthony and cash to the Chicago Bulls, ESPN reports.

Terms of the deal have not been reported.

Bulls reportedly intend to waive Anthony

ESPN reports that Anthony will not play for the Bulls, who intend to waive him, but may wait until the February 7 trade deadline to do so. He will become a free agent if he clears waivers.

According to the report, the Lakers maintain interest in signing Anthony, but will not do so unless a roster spot clears up. Anthony and LeBron James have been close friends throughout their careers.

Anthony signed with the Rockets in the offseason, but played in only 10 games for Houston, which proved to be a bad fit for the aging veteran.

“We tried to hit a home run, and it didn’t work out,” Mike D’Antoni told reporters in November.

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Rockets needed roster space for Kenneth Faried

Starting Rockets center Clint Capela is our for several weeks with a thumb injury, and the Rockets were looking to clear roster space to make room for Kenneth Faried, who recently agreed to a buyout with the Brooklyn Nets.

ESPN reports that since the league office is closed for the Martin Luther King Jr. holiday, the trade won’t be executed until Tuesday, forcing the Rockets to waive forward James Nunally in order to sign Faried in time for Monday’s matchup against the Philadelphia 76ers.

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