News of the impending contract came out Wednesday evening (February 16) after Paces head coach Rick Carlisle confirmed Thompson wouldn't be staying with the team following the mega six-player trade with the Sacramento Kings. Thompson along with Buddy Hield, and Tyrese Hailburton were traded to the Pacers for Domantas Sabonis, Justin Holiday, Jeremy Lamb, and a 2023 second-round pick.
"We thanked him for he's brought the last six or seven days," Carlisle said, according to ESPN. "He brought a high level of professionalism and he's done a really good job."
Carlisle added: "I don't mind announcing because it's going to happen and what the heck. ... It's the rare instance where you get to thank a guy in the presence of his teammates. And these guys have an awful lot of respect for who he is and what he's accomplished in the league."
The 30-year-old father of three thanked the team for the opportunity on Instagram.
Bulls head coach Billy Donovan didn't comment on the news following Chicago's win over the Kings Wednesday night (February 16). Though, Bulls All-star DeMar DeRozan commented in support of the move.
"Known Tristan for years," DeRozan told reporters after the game. "Championship experience. Good friend of mine. Got the utmost respect for him off the court. Obviously we all know what he brings on the court. So, I think this will be a great addition for us. What he's able to bring, veteran leadership, understanding what it takes to win a championship."