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Pelicans: The Bulls are trying to fleece the Pels in deal for Lauri Markkanen

Lauri Markkanen #24 of the Chicago Bulls is defended by Zion Williamson #1 of the New Orleans Pelicans (Photo by Stacy Revere/Getty Images)

The New Orleans Pelicans and Chicago Bulls are involved in a complicated negotiation for Lauri Markkanen according to reports.

Marc Stein reported that the Bulls were seeking a first-round pick in exchange for sending Markkanen to New Orleans as part of the sign-and-trade for Lonzo Ball.

The Pelicans have expressed interest in Lauri Markkanen and hold a sizable trade exception ($17 million) to take the restricted free agent in on a contract he seeks, sources say.