The Chicago Bulls are finalizing a deal to acquire Quincy Pondexter and a second round pick from the New Orleans Pelicans.
Pondexter has been injured during the past two seasons.
The Pelicans are creating a roster spot and dropping below the hard cap in unloading Pondexter.
With Solomon Hill likely out for the season, the Pelicans need to find healthy wings. The Pelicans have interest in signing Dante Cunningham.