Beal out of Tokyo Games; U.S.-Australia canceled

The Chicago Bulls had a “giant” asking price when the New York Knicks reached out with interest in trading for Zach LaVine, a source tells Fred Katz of The Athletic.

The Knicks and Bulls never got close on a trade of LaVine.

In June, there were reports that the Bulls were evaluating LaVine’s trade value.

The Knicks have long been considered the next team to make a major draft pick heavy trade for an All-Star caliber player. Last offseason, the Knicks pursued a trade for Donovan Mitchell before he was dealt by the Utah Jazz to the Cleveland Cavaliers.

LaVine has four years remaining on his five-year, $215 million contract signed with the Bulls in 2022.