Chicago will also be sending a 2023 second-round pick to Washington.
Parker, soon to be 24 in March, is a 6-8 power forward in his fifth season in the National Basketball Association out of Duke and on his third team in less than a year.
The Washington Wizards went from hoping to make some noise again in the Eastern Conference this preseason to owning possibly the worst contract in the National Basketball Association with the John Wall injuries to going into a full salary dump right before the trade deadline. Since then, he has played 384 games, averaging 10.7 points, 5.0 rebounds, 1.4 assists and 1.18 steals per game.More news: Apex Legends might beat Fortnite to the punch with a ranked mode
Additionally, Porter's lack of assertiveness, absence of joy, and passive-aggressive relationships with Wall and Beal all contribute to a rather underwhelming tenure.
ESPN's Bobby Marks reported that the Bulls will have $21 million in cap space this summer after the Porter trade. He is making $26 million this season, $27.2 million next season, and has a player option for $28.4 million the season after that, which he would likely pick up.
Both Portis and Parker can come off the books at year end with their expiring contracts. If they received the right offer, they could deal Porter, who has three years and $82 million remaining on his contract, but proposals that offer only salary relief for a 25-year-old who is one of the best players on the roster aren't up the Wizards' alley. Parker is averaging 14.3 points and 6.2 rebounds per game.
Ahead of Thursday's 3 p.m. trade deadline, it is highly plausible that the Wizards make another move or two.