Report: Nets acquire Teague for Taylor, ShengeliaInsider says Brooklyn completed two separate deals
The trades, first reported by Yahoo Sports, open up a roster spot for the Nets, who sent cash along with Taylor to the Pelicans for a future draft pick.
It also gives Brooklyn another option at point guard, where Deron Williams has been sitting out with ankle problems. But Teague had appeared in just 19 games for the Bulls, even though they were in need of a point guard after Derrick Rose was lost for the season. Teague was averaging 2.4 points and shooting 24 percent from the field.
Teague was taken by Chicago with the No. 29 pick in the 2012 draft after one season at Kentucky.
"Marquis is a good, young player. He's had some good moments. He's had some moments that he can obviously do better, but that's to be expected," Bulls coach Tom Thibodeau said. "When you come into this league as young as he is, that's what you're going to get. He's much further along today than he was when he was first drafted. He's done a good job overall."
Shengalia and Taylor both spent part of the season in the NBA Development League.