With the impending signing of free agent Dwyane Wade looming, the Bulls made their two trades involving Mike Dunleavy and Jose Calderon official on Thursday.
The Bulls traded Dunleavy and the draft rights to Vladimir Veremeenko to the Cavaliers in exchange for Albert Miralles. The Cavaliers will take on Dunleavy's contract with the $4.8 million trade exception created in the sign-and-trade that sent Matthew Dellevadova to the Milwaukee Bucks. Miralles, 34, currently plays for Joventut Badalona in Spain.
Dunleavy spent three seasons in Chicago, averaging 9.9 points and made 39.2 percent of his 3-pointers.
The Bulls also dealt Jose Calderon and two second-round picks to the Los Angeles Lakers in exchange for Ater Majok.