Report: Bulls agree to trade Hinrich to Wizards

Basketball Betting Lines

06/24/2010 - Chicago, IL (Sportsbook Betting Lines) - The Chicago Bulls have reportedly agreed to trade guard Kirk Hinrich and the 17th overall pick in tonight's NBA Draft to the Washington Wizards.

The deal can only be viewed as a salary purge to open up room for the crop of high-priced free agents available this offseason. Hinrich was set to make $17 million over the final two years of a $47.5 million pact agreed upon at the start of the 2006-07 season.

According to the Chicago Tribune, that would put the Bulls close to $30 million under the salary cap. The report states the Bulls would receive at least a second-round pick in return, although, the exact compensation remains unclear.

The deal is complicated by the fact that the Wizards can't take on Hinrich's salary until the new salary cap figures are released for next season. The transaction would presumably be finalized on July 8 -- the first day of the NBA free agent signing period.

Hinrich has spent his entire seven-year pro tenure in Chicago. The former Kansas standout started 53 of 74 games last season and averaged 10.9 points, 4.5 assists and 3.5 rebounds while shooting 37.1 percent from three-point range.

In 514 career games with the Bulls, including 433 starts, the 29-year-old has averaged 13.4 points, 5.8 assists, 3.4 boards and shot 37.9 percent on threes. He's made at least 100 three-pointers in all but two of his NBA seasons.

Washington, meanwhile, would have three first-round picks including the top overall pick and the final selection at No. 30.

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