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(AP File Photo/Rick Bowmer)MAITLAND, Fla. — The Jazz have reached a sign-and-trade agreement with the Chicago Bulls that will net Utah a valuable traded player exception.
The Jazz will send a protected future second-round draft choice to Chicago, which on Wednesday agreed to terms on a five-year contract with unrestricted free agent Carlos Boozer believed to be valued in the $75-to-80 million range.
In return, Utah gets the traded player exception — or TPE.
The TPE allows the Jazz to acquire one or more players via trade with any other team any time over the next year, even if the acquisition leaves Utah over the NBA's team payroll salary cap of $58.044 million — as long as their salary or combined salaries do not exceed the total of the amount of money Boozer will make in his first year with the Bulls plus $100,000.
That first-salary figure for Boozer is expected to be in the $13 million range.
The Jazz will technically sign Boozer to his contract, then trade him and the pick to the Bulls for the exception — essentially a paperwork transaction.
It was not immediately known what the protection is on the second-round draft choice.
It also was not immediately clear if the agreement will prompt Chicago to add more money or an extra year to Boozer's contract, which signing with his own former team first would allow to happen.
Boozer played six seasons in Utah. A two-time NBA All-Star, he led the Jazz in scoring and rebounding last season.
The Jazz already own one other TPE, valued at $6.5 million, which was acquired when it dealt veteran forward Matt Harpring to Oklahoma City last December.
E-mail: tbuckley@ksl.com
