The Kings agreed on Wednesday to a trade that sends forward John Salmons and center Brad Miller to the Chicago Bulls in exchange for forwards Drew Gooden, Andres Nocioni and Michael Ruffin, according to league sources who spoke to David Aldridge.

According to the Chicago Tribune, Chicago has also sent forward Cedric Simmons to the Kings in the deal.

The deal will reduce Sacramento's obligations next season, saving the Kings millions on the salary cap and keeping them well under any potential luxury tax payments. Gooden, making $7.15 million this season, will likely come off the team's cap after this year. The Kings are now also free of the $5.4 million due to Salmons in 2009 and the $12 million due to Miller in '09.

Miller played two-plus seasons in Chicago after being traded from Charlotte in 2000. He was then dealt to Indiana in a trade that also sent Ron Artest to the Pacers in exchange for Jalen Rose.

Sacramento will absorb the remaining four years and $28.4 million on Nocioni's contract, but Nocioni's contract actually goes down after next season, when he's scheduled to make $7.5 million, to $6.8 million in 2010 and $6.6 million in 2011 before going back up to $7.5 million in the final season if his team option is exercised.

Click here to read RealGM's 'Grading The Deal' for this trade.

Via NBA.com

Chicago Bulls, Sacramento Kings

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