Although a trade of this kind can’t be officially announced until July 8th it appears as though the Bulls have traded Kirk Hinrich and the #17 overall pick to the Washington Wizards for a future 2nd round pick. Hinrich played 7 years for the Bulls appearing in 514 games (433 starts) in which he averaged 34.0 minutes, 13.4 points, 3.4 rebounds, 5.8 assists and 1.3 steals per game. This trade looks very lopsided in the Wizards’ favor but it opens up enough cap space for the Bulls that they could sign to max contract players.

UPDATE: The Wizards have sent the rights to 25-year old power forward Vladimir Veremeenko to the Bulls to complete this trade. He was a 2006 draft pick of the Wizards who is currently playing in Russia.