Bulls sign first-round pick Markkanen

The Chicago Bulls signed first-round draft pick Lauri Markkanen, the team announced Wednesday.

The 7-foot Markkanen was the seventh overall pick and was taken by the Minnesota Timberwolves. He was then acquired by Chicago along with Kris Dunn and Zach LaVine in exchange for Jimmy Butler and this year’s No. 16 pick (Justin Patton).

The team did not disclose the terms of the contract, but spotrac.com reports that a player taken with the No. 7 pick would get a four-year rookie contract that would pay about $2.7 million in the first year and approximately $3.8 million in the fourth.

Markkanen, a forward, played one season at Arizona. He averaged 15.2 points and 7.2 rebounds while shooting 49.2 from the field and 42.3 percent from 3-point range.