Bulls Reportedly Trade Kirk Hinrich and No. 17 Pick to Wizards, Clear Enough Cap Space to Sign Two Superstars
Over the past few weeks, the Chicago Bulls have emerged as the presumptive favorite to land LeBron James(notes), should he choose to leave Cleveland. They already have Joakim Noah(notes) and Derrick Rose(notes), they have tradition, and they?re even already a playoff team, which is more than the Knicks can say.
Getting James would be a huge deal on its own, obviously. But the Bulls can do more to truly change the face of the East by clearing enough cap space to sign two max-contract free agents.
Today, they made a move to get closer to their dream. Ric Bucher reports:
The Chicago Bulls have a deal in place that would move Kirk Hinrich(notes) and the 17th pick to the Washington Wizards, freeing up enough cap space to pursue two maximum-salary players on 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 the Bulls? take in this trade isn?t even mentioned, one can only assume that it involves insignificant players or assets who won?t make much of an impact on the court. For Chicago, this move is all about cap space. Yahoo!?s Kelly Dwyer tweeted that this deal still wouldn?t give them enough space for two max players, which contradicts, Bucher?s report. (Note: This is where I wish I knew more about math.) But even if that?s the case, they still got a heck of a lot closer. This is a giant leap forward, if not exactly an arrival at the destination.
It?s hard to say as much for the Wizards. Hinrich is a good defender who had several decent offensive seasons in Chicago, but he also makes $17 million over the next few seasons. The Wizards are also already set at the guard positions with John Wall and Gilbert Arenas(notes), so Hinrich is essentially now a wildly overpaid backup ? which also happens to be the same thing he was in Chicago.
Getting the draft pick is nice for a team in rebuilding mode, but Ernie Grunfeld just mortgaged much of the team?s cap space to get a player who will serve as an albatross until someone decides he?s a valuable expiring contract. The Wizards are back on the path to respectability, but this move is a step back.