Breaking: DeMar DeRozan Trade Is Official in 3-Team Deal

After days of intense negotiations, it's now official as of late Saturday night: DeMar DeRozan is signing a 3-year, $76 million contract as part of a three-team sign-and-trade, and is heading to the Sacramento Kings. 

The Kings get the 6-time All-Star DeRozan, while the Chicago Bulls pick up Chris Duarte and two second-round picks, and the San Antonio Spurs came in, taking on Harrison Barnes from the Kings in exchange for an unprotected 2031 pick swap. 

We knew all along that the hold-up in any deal was that the Bulls did not want to take on salary in helping DeRozan get his sign-and-trade, so San Antonio was brought in as the third team, to help bring the deal to fruition. 

We reported earlier in the day that DeRozan flew to Sacramento to meet face-to-face with team officials, and one of those people, we're now hearing, per insider Chris Haynes, was Kings star guard De'Aaron Fox, who helped seal the deal with the former Toronto Raptors, Spurs & Bulls star. 

Haynes says that DeRozan and Fox are thrilled to be teammates. 

We'll leave the final word to the frenzied fans in Sacramento, who gave DeRozan a wild ovation tonight as he strolled into Golden 1 Center during a California Classic Summer League game.

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