Magic acquire two picks in trade with the Bulls

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Updated: 7/14 5:29 pm

Orlando, FL (SportsNetwork.com) - The Orlando Magic have acquired two future second-round draft picks, cash considerations and the contract of forward Anthony Randolph from the Chicago Bulls in exchange for the draft rights to forward Milovan Rakovic.

The picks are for the 2015 and 2016 drafts. In addition, Orlando intends to waive Randolph.

The draft rights to Rakovic, who has played his entire professional career overseas, were acquired by Orlando along with cash considerations from Dallas in exchange for the draft rights to Reyshawn Terry on June 28, 2007.

The minor trade allows the Bulls to clear up some cap space.

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