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Butler and the Bulls' No. 16 pick were traded to the Timberwolves during Thursday's NBA Draft in exchange for the Timberwolves' No. 7 pick, Zach LaVine, and Kris Dunn, K.C. Johnson of the Chicago Tribune.
The Timberwolves have agreed in principle to a trade that will send Dunn along with Zach LaVine and the team's seventh overall pick to the Bulls for Jimmy Butler and the 16th pick, K.C Johnson of the Chicago Tribune reports.