The Core Transaction Is Bob Love for a 1977 Second-Round Pick
Basketball-Reference's Chicago, New York Nets, league and executive transaction ledgers all agree on the November 30, 1976 core exchange. Chicago sent Bob Love to the Nets for New York's 1977 second-round pick, which became No. 23 overall. The Bulls' official all-time transaction history and Pro Sports Transactions add cash to the Nets' outgoing package. This review keeps that cash component while distinguishing the sources that actually record it.
Love's Nets Tenure Lasted 13 Games
Love had been one of the defining Bulls scorers of the previous decade, but by the time of this trade he was 34. With New York he appeared in 13 games, averaging 10.1 points, 2.9 rebounds and only 17.5 minutes. The Nets did receive immediate veteran offense, but the relationship ended quickly. Love was waived in January 1977 and finished the season with Seattle.
Chicago's Pick Became Mike Glenn
The incoming second-rounder landed at No. 23 in the 1977 draft. Chicago used it on Mike Glenn out of Southern Illinois. Glenn eventually played 593 NBA games across ten seasons and finished with a 54.2 percent career field-goal rate, so the selection itself identified a legitimate long-term NBA player.
The Bulls Did Not Receive Glenn's NBA Career
That career cannot be credited to Chicago. The Bulls waived Glenn on December 8, 1977, six days before his NBA debut with Buffalo. He never appeared in a regular-season game for Chicago. The pick therefore had real draft value at the moment of the trade, but its realized on-court return to the Bulls was zero. This review credits Chicago for obtaining and exercising the No. 23 asset, not for the production Glenn later supplied to Buffalo, New York or Atlanta.
The Cash Keeps Chicago's Side From Being Empty
The official Bulls media guide and Pro Sports Transactions both record cash in addition to the pick, although the amount is not specified in the sources used here. That financial consideration matters because the pick did not become Chicago production. At the same time, an unspecified cash payment cannot be treated as though it created a known player or draft branch.
Final Verdict
Even Trade, C+/C+. The Nets receive a C+ because Love supplied only 13 games before being waived, but those games at least produced immediate NBA rotation value. Chicago also receives a C+ because the Bulls obtained a top second-round pick plus cash, yet the selected player was waived before his NBA debut and produced no Chicago games. The transaction created optionality for the Bulls and short-term production for the Nets without a durable franchise return on either side. Confidence is high on the package and the realized player outcomes.