Report: Bulls Clear Cap Space, Trade Salmons to Bucks
Chad Ford reports that the Bulls have completed a trade with the Milwaukee Bucks, sending wing shooter John Salmons to Milwaukee for Francisco Elson and Kurt Thomas, both expiring contracts. Instead of looking to build a better horsecart, the Bulls have guaranteed that they will have enough in their wallet to determine their future.
Update 2/18: The Associated Press reports the deal is now Salmons for Joe Alexander and Hakim Warrick, who, like Thomas and Elson, both have expiring contracts. In other words, Chicago still dumped salary.
The lynch-pin of this deal? John Salmons $5.8 player-option for the 2010-2011 season. The Bulls are so set on clearing space for this summer to attract a major free agent, that they were unwilling to risk Salmons opting in to the final year of the deal. With their chances at Tracy McGrady draining, the Bulls pulled the deal they knew they could make.
The Bucks nab a shooter to replace injured Michael Redd on the wing, increasing their chances at nabbing the eighth seed, currently held by the Bulls. And even if Salmons opts-in, he'll provide an expiring contract in year two of the Jennings era.