Bulls trade Hughes to Knicks

The Chicago Bulls made their second big trade in two days on Thursday, agreeing to send Larry Hughes to the Knicks for Jerome James, Tim Thomas and Anthony Roberson, two league sources told ESPN.com.

he Bulls have just completed a second trade in as many days sending Larry Hughes to the New York Knicks in exchange for Tim Thomas, Jerome James and Anthony Roberson. It will be interesting to see what the Bulls do with Thomas, being that last time he was in Chicago the team released him after playing just 3 games. More trades could come.

Chicago: Once I recovered from the shock of the Bulls reacquiring Thomas, I realized it was a pretty good move by Chicago to create some wiggle room beneath the luxury tax for next year and unload an unhappy camper.

Thomas replaces much of what they lost by trading Andres Nocioni -- as a 4 who can space the floor, he should get plenty of opportunity in the Bulls' system. They'll hope and pray that James qualifies for some kind of medical retirement that allows him to be stricken from the cap, because he's not going to help them on the court. Grade: B-