The Associated Press is reporting that the Chicago Bulls will trade John Salmons to the Milwaukee Bucks for Joe Alexander and Hakim Warrick.
Initially, it appeared the Bucks would send back Kurt Thomas and Francisco Elson, but it looks like the Bulls preferred younger players instead. All four Bucks players are expiring contracts.
Moving Salmons gives the Bulls enough cap room to chase a maximum free agent in the offseason.
UPDATE: NBA.com reports that the Bucks will also receive the Bulls' 2011 and 2012 second-round picks, as well as the option to swap 2010 first-round picks with the Bulls, as long as that pick is not in the top ten of the draft.