Chicago trades Hinrich and 17th pick to Washington
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.
HoopsVIbe’s Very Quick Call: The Great Free Chase of 2010 strikes again.
After sending their first round pick and Kirk Hinrich’s $9 million annual salary to the Washington Wizards, the Chicago Bulls can now offer two maximum contracts to this summer’s free agent class.
Only the Miami Heat are close to Chicago’s $30 million in available cap space. Throw in youngsters Derrick Rose and Joakim Noah, and every top free agent – the creme de la creme in available talent – will consider joining the Bulls and bringing a friend.
Reports are surfacing that Chicago isn’t finished wheeling-and-dealing, though. Apparently, GM John Paxson is trying to clear further cap space by dumping often-injured, quasi-star Luol Deng on the Los Angeles Clippers.
Meanwhile, the Wizards did well with this trade. Hinrich will have three important roles in DC: first, he’ll replace Antawn Jamison as team leader; second, he’ll provide consistency off the bench at both guard spots; and, third, he’ll mentor high profile rookie John Wall.
Simply put, this swap is a win-win for Chicago and Washington.