The Rockets and the Bulls have finalized Carmelo Anthony’s trade

AP/Mary Altaffer
Photo: AP/Mary Altaffer

The Houston Rockets have traded small forward Carmelo Anthony, draft rights to shooting guard Jon Diebler and $1.56 million to the Chicago Bulls in exchange for draft rights to power forward Tadija Dragicevoc.

Anthony will not play as a Bull and will be released by Chicago.