Chicago acquired second round pick (2004 #38-Chris Duhon) from Raptors for rights to Matt Bonner, producing a clear realized-value win.
The Bulls selected Matt Bonner 45th overall in the 2003 draft, then moved his rights to Toronto for a second-round pick in 2004. That future choice became No. 38 Chris Duhon. Chicago traded away the rights to one newly selected forward in exchange for a later opportunity that yielded a point guard. The exchange was therefore a draft-rights decision, not a swap of two veterans already under contract.
Duhon developed into a dependable Chicago guard after the 2004 draft, handling ball movement and perimeter defense through several seasons with the team. His role was considerably more durable than the uncertainty associated with a future second-rounder at the time of this trade. The Bulls' A- grade reflects the useful guard they ultimately obtained with Toronto's pick, not the abstract value of holding an unspecified future choice for another year.
Bonner developed a recognizable perimeter-shooting role and did play for Toronto, so the Raptors received a real player rather than a wasted selection. Much of Bonner's later, longer NBA career occurred in San Antonio, however, and doesn't all belong on Toronto's side of the ledger. The Raptors' C recognizes Bonner's early contribution but doesn't equal the sustained Bulls value that emerged from Duhon's selection. Both clubs got actual players; the duration and team fit differed.
Bulls Win. Chicago grades A- for turning Bonner's 2003 rights into the 2004 No. 38 selection used on Chris Duhon. Toronto gets C for Bonner, a viable shooting forward whose most enduring team tenure came later. The Bulls secured the more sustained contribution within their own roster.