CHICAGO (AP) The Chicago Bulls decided to rebuild without Jimmy Butler rather than reload with him.

The Bulls launched a roster overhaul Thursday night with a big trade, dealing the three-time All-Star and the rights to No. 16 pick Justin Patton of Creighton to the Timberwolves. In exchange, the Bulls got No. 7 overall pick Lauri Markkanen of Arizona along with Minnesota's Zach LaVine and Kris Dunn.

"When you look at it, we got three lottery picks out of it, young guys that we're jump-starting this thing with," Bulls vice president of basketball operations John Paxson said. "It is rebuilding. When you do this, you understand it's going to be difficult. There are going to be a lot of bumps along the road. ... It's going to be the little things and the incremental things we hope to see along the way. But it's necessary. This is something we felt we had to do at this time."