ESPN The Magazine
The Chicago Bulls have a deal in place that would move Kirk Hinrich and the 17th pick to the Washington Wizards, freeing up enough cap space to pursue two maximum-salary players in this summer's free-agent market, sources with knowledge of the Bulls' plans said Thursday.
It wasn't immediately clear what Washington would send to Chicago in the trade.
The deal can't be officially consummated until July 8, when the Wizards will have room under the salary cap to absorb Hinrich's $9 million contract without having to send back anything of similar value.
Since it's a good-faith deal for the time being, there remains a chance it could fall apart. But according to one source, the Sacramento Kings are prepared to make a similar deal with the Bulls in the Wizards' stead if that were to happen.
Either way, moving Hinrich and the pick would push Chicago's space under the cap from $20 million to more than $30 million. That puts the Bulls on equal footing with the Miami Heat in pursuing not just one but two members of a free-agent class that is expected to include LeBron James, Dwyane Wade, Chris Bosh, Carlos Boozer, Amare Stoudemire and Joe Johnson.