From ESPN -
Cavs get Wallace from Bulls, Szczerbiak from Sonics
The Cleveland Cavaliers appear to have beaten the NBA's annual trade buzzer to get LeBron James some of the fresh help he's been openly craving. In a three-way, 11-player trade with Chicago and Seattle that has been submitted for league approval, NBA front-office sources say that Cleveland will come away with four new teammates for James, headlined by Ben Wallace from the Bulls and sharpshooter Wally Szczerbiak from the Sonics.
The league office was notified of the deal before Thursday's 3 p.m. ET trading deadline, sources said, and is currently reviewing the trade details as required for formal approval. After Cleveland watched two longstanding trade targets land elsewhere -- Mike Bibby in Atlanta and Jason Kidd in Dallas -- sources say that the deal calls for the Cavaliers to receive Wallace, Szczerbiak, Seattle point guard Delonte West, Chicago's Joe Smith and a future second-round pick from the Bulls.
The Bulls, apparently abandoning their gamble on Wallace less than two seasons into the lucrative four-year deal they used to sign him away from Detroit, would get Cavaliers forward Drew Gooden and swingman Larry Hughes along with Cavs reserves Cedric Simmons and Shannon Brown.
The Sonics, shedding Szczerbiak in the name of additional payroll flexibility, come away with the expiring contracts of Cleveland's Ira Newble and Chicago's Adrian Griffin as well as Cavs veteran Donyell Marshall.
I'm not a fan of the Cleveland Cavs, but thankfully they seem on the verge of at least becoming more interesting to watch. Which is good, because much like the Lakers they are always on national TV. As a Hornets fan I'm much more excited about this.
From ESPN -
The Hornets, Houston Rockets and Memphis Grizzlies finalized a multi-player swap that sends Mike James and Bonzi Wells to New Orleans, with Bobby Jackson, Adam Haluska and a second-round draft pick going to Houston.