It appears as if the Wizards will acquire 29-year old SG/PG Kirk Hinrich and the #17 overall pick in the draft from the Bulls for a future 2nd round pick. The trade can’t be announced until July 8th because the Wizards won’t have the cap space until then. Hinrich played in 74 games (53 starts) last season for the Bulls and he averaged 33.5 minutes, 10.9 points, 3.5 rebounds, 4.5 assists and 1.1 steals per game. Hinrich has now played in 514 games (433 starts) in his NBA career and he has averaged 34.0 minutes, 13.4 points, 3.4 rebounds, 5.8 assists and 1.3 steals per game. Hinrich can swing between the point or shooting guard which really gives the Wizards a nice bunch of players at guard. This was a great trade for the Wizards.

UPDATE: (7/8/2010) - The Wizards have traded the rights to 25-year old power forward Vladimir Veremeenko to the Bulls to complete this trade. He was a draft pick of the Wizards in 2006 who has been playing in Russia.