Steph Chambers/Getty Images. Pictured: Lonzo Ball.
The Chicago Bulls have acquired Lonzo Ball in a sign-and-trade deal with the New Orleans Pelicans, The Athletic reported on Monday.
The Pelicans will acquire Tomas Satoransky, Garrett Temple and a second-round pick in exchange for the former No. 2 overall pick.
Ball’s new contract will be for four years and is worth $85 million, The Athletic reported.
The Bulls’ odds to win their first NBA Championship since 1998 shortened slightly as a result of the news.
At DraftKings, their odds moved from 100/1 prior to the start of free agency to 80/1 after news that 6-foot-6 point guard was packing his bags for Chicago.
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New Orleans’ odds remained at 80/1 at the sportsbook.
BetMGM had the Bulls’ line to win the Larry O’Brien Trophy at 125/1 prior to the start of free agency. Those odds are now 100/1.
In a corresponding move, the Pelicans’ odds at the sportsbook lengthened from +8000 to +10000.
And FanDuel moved Chicago’s line from 120/1 to 100/1. New Orleans’ odds stayed at 85/1.
The Miami Heat’s odds also shortened after news that they acquired Kyle Lowry in a sign-and-trade from the Toronto Raptors and re-signed Jimmy Butler and Duncan Robinson.
DraftKings did not change 2022 NBA Championship odds for any other team besides the Bulls and Heat. The Brooklyn Nets are still +200 favorites to win their first title while the Los Angeles Lakers are +400 after their acquisition of Russell Westbrook.
The Milwaukee Bucks are +950 to defend their trophy while the Warriors are +1000 with the impending return of Klay Thompson and the additions of lottery picks Jonathan Kuminga and Moses Moody.
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At FanDuel, two other contenders’ odds changed on Monday night. The Philadelphia 76ers‘ line to win it all lengthened from +1600 to +1700 and the Atlanta Hawks‘ odds to do the same dropped from +3500 to +4000.
The Nets are +220 favorites, the Lakers are +440 second-best favorites and the Bucks are +850 third-best favorites to win the Larry O’Brien Trophy at FanDuel as of Monday night.
The Los Angeles Clippers, Warriors, Utah Jazz and Phoenix Suns are all currently tied at +1300 to bring home the silverware at the sportsbook.
