Bulls acquire guard Watson

Sports Network

, Last Updated: 3:04 PM ET

CHICAGO -- The Chicago Bulls announced Thursday the acquisition of guard C.J. Watson from Golden State in a sign-and-trade deal that netted the Warriors a second-round draft pick.

League sources indicated earlier this week Watson was to collect close to $10 million over three years, with the first two years thought to be guaranteed.

The pick heading back to Golden State will be the lesser of Phoenix's and Utah's 2011 second-round draft choices, both of which are held by the Bulls.

Watson just completed his third season with the Warriors and posted career highs with 10.3 points, 2.8 assists and 2.6 rebounds in 65 games (15 starts). He averaged 27.5 minutes of floor time and shot 31 percent from three-point range, sinking 45 from long distance.

The 26-year-old Tennessee product was originally signed as a free agent by Charlotte in 2007 before being waived within a month's time. In 174 career games, including 33 starts, Watson has averaged 8.7 points, 2.4 assists and 2.3 boards.


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