Marc Stein reports that the three-way trade was submitted to the NBA before the 3:00 PM EST deadline, and it is currently being reviewed.

Cleveland will receive Ben Wallace, Joe Smith, Wally Szczerbiak, Delonte West, and a future second round pick from Chicago.

The Bulls will receive Larry Hughes and Drew Gooden as well as Cedric Simmons and Shannon Brown.

Seattle will receive Donyell Marshall, Ira Newble, and Adrian Griffin.

Via ESPN

Cleveland Cavaliers, Oklahoma City, Chicago Bulls

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