The Chicago Bulls traded John Salmons to the Milwaukee Bucks for Joe Alexander and Hakim Warrick.  

In addition, Chicago traded the Bulls? regular second round draft choices in 2011 and 2012.  Also, Milwaukee has the option in NBA Draft 2010 of switching first round picks with Chicago, so long as Chicago?s first round pick is not a top 10 selection.

?We like the combination of our player talent, cap flexibility and our ability to improve our team this summer in the free agent market,? said Chicago Bulls General Manager Gar Forman.  ?This trade is another step in the process of building our team and getting better.?

The Milwaukee Bucks have agreed to a trade that will send Jodie Meeks and Francisco Elson to the Philadelphia 76ers for Primoz Brezec, Royal Ivey and a second round pick, two league sources told ESPN's Chad Ford.

Meeks became somewhat expendable for Milwaukee following their trade with Chicago for John Salmons.

The Bucks and Sixers are in serious trade talks, according to Chad Ford of ESPN.

Jodie Meeks, Francisco Elson and a second round pick would be sent to Philadelphia for Primoz Brezec and Royal Ivey.

The Knicks contacted the Milwaukee Bucks Wednesday about the availability of Luke Ridnour, but the talks stalled when the Knicks wanted to expand the deal to include Jared Jeffries, according to a source close to the talks.

Donnie Walsh's main focus has been trying to unload Jeffries in a deal with Houston.

The Bulls and Bucks have finally settled on a package for John Salmons, as Milwaukee will trade the expiring contracts of Joe Alexander and Hakim Warrick.

Alexander was a lottery pick in the 2008 NBA Draft, but has battled injuries during most of his stay with the Bucks.

Salmons becomes a free agent after the 2010-11 season.

The Chicago Bulls and Milwaukee Bucks have agreed to a deal in principle that will send John Salmons to the Bucks for the expiring contracts of Kurt Thomas and Francisco Elson, sources said on Wednesday.

TNT's David Aldridge first reported the discussed particulars, though K.C. Johnson reports late Wednesday evening that Milwaukee could possibly send Hakim Warrick and Joe Alexander instead of the veterans.

The deal pushes Chicago to be approximately $20 million under the projected cap.

The Bulls had been trying to force teams interested in Tyrus Thomas to include Salmons in the deal. They had also wanted to include him as part of a package for Houston's Tracy McGrady.

The Chicago Tribune reported earlier on Wednesday that the Bulls asked Salmons to remain at the team's hotel while they finalized a trade.

The Chicago Bulls are close to a deal to send John Salmons to the Milwaukee Bucks for forward Kurt Thomas and center Francisco Elson, according to sources that spoke to David Aldridge.

Both Thomas and Elson are expiring contracts.

This deal would mean Chicago is almost officially out of the running for Tracy McGrady, as Salmons would have been a component of that deal.

Despite rumors to the contrary, the Hawks are not interested in trading for Bucks forward Kurt Thomas.

There were rumors that Atlanta was looking to deal Maurice Evans and another player to Milwaukee for the veteran big man.

The Bucks are interested in acquiring a power forward, according to multiple sources.

Milwaukee has expressed willingness to add more salary this season and to take on players with contracts that run through next season.

One option for the Bucks is Troy Murphy, according to sources.

The Milwaukee Bucks will not make a deal for Troy Murphy, according to Mike Wells of the Indy Star.

The Bucks have been mentioned, along with Cleveland and Sacramento, as one of three destinations for Murphy.