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Bulls Agree to Trade Kirk Hinrich to Wizards, ESPN Reports

June 24 (Bloomberg) -- The Chicago Bulls agreed to trade guard Kirk Hinrich to the Washington Wizards, a move that would open up room under the National Basketball Association’s salary cap that the team could use to sign free agents, ESPN reported, citing people it didn’t name.

The move will removed Hinrich’s $9 million-a-year contract from Chicago’s books, putting the Bulls under the cap by more than $30 million and allowing them to add two maximum-contract players. The top free agents probably will include LeBron James, Dwyane Wade, and Chris Bosh.

The trade cannot become completed until July 8. ESPN reported that the Sacramento Kings also might be willing to trade for Hinrich, who is averaging 13.4 points and 5.8 assists during his six-season career,

To contact the reporter on this story: Barry Rothbard in New York brothbard@bloomberg.net.

To contact the editor responsible for this story: Michael Sillup at msillup@bloomberg.net.

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