Bulls acquire Wallace

The Chicago Bulls are making room for Detroit Pistons power forward/center Ben Wallace, ousting forward Tyson Chandler in the process, according to local media reports.

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The deal with both players will not be finalised until July 12, and NBA and team officials have refused to comment until then.

Wallace is expected to sign a four-year, $60 million contract with the Bulls, according to the Chicago Tribune.

The paper also said it confirmed from Chandler that he will be with the New Orleans/Oklahoma City Hornets for the next five years at $54 million.

Power forward P.J. Brown and shooting guard J.R. Smith are also a part of the deal, as they will be leaving the Hornets for the Bulls.

Chandler told the Tribune he expected to be traded after hearing rumors. "It was just a matter of when and where," he told the Tribune via telephone.