In a move to improve their odds of signing Michael Redd, the Milwaukee Bucks have traded Keith Van Horn.

League sources tell ESPN.com that the Bucks beat the 3 p.m. ET Thursday trading deadline by agreeing to send Van Horn to Dallas for Calvin Booth, the expiring contract of Alan Henderson and minimal cash considerations.

Moving Van Horn, in addition to the trade of Mike James to Houston earlier Thursday, removes nearly $13 million in salary-cap obligations from the Bucks' payroll next season.