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Hinrich Deal Will Be Official On July 8

John Jackson of the Chicago Sun-Times reports more details on the Hinrich trade:

The Wizards have two first-round picks in tonight’s draft — the first and the 30th — but the No. 1 pick is not a part of the deal. The Bulls are not expected to take back any salary.

ESPN.com first reported the trade and said it has been agreed upon, although it can’t be officially made July 8 when the new salary cap goes into effect and the Wizards can take on Hinrich’s $9 million salary.