MONDAY, 6:18pm: The Mavericks have announced that the trade is official. Dallas acquires Smith from the Bulls in exchange for the rights to Tadija Dragicevic.
9:24pm: Tim MacMahon of ESPNDallas.com confirms the trade is happening, and is told that the Mavs will give up virtually nothing in the deal (Twitter link).
SATURDAY, 10:40pm: The Bulls are expected to trade Greg Smith to the Mavs by Monday, a league source tells Marc J. Spears of Yahoo! Sports (Twitter link). K.C. Johnson of The Chicago Tribune confirms that a trade is in the works, but stops short of calling it a done deal (on Twitter). Chicago is looking to clear Smith’s salary, at just under $950K, to aid in their ongoing efforts in free agency.
Smith was signed by the Bulls after the Rockets waived the center during the season. The 23-year-old was injured at the time, arriving amid a slew of late-season pickups that gave the Bulls cap flexibility for this year while helping them reach the roster minimum. Details of compensation from Dallas are unknown, but they would likely be modest for a recovering player on a minimum contract.
Smith played in 70 games for Houston in the 2012/13 season, but that was sandwiched between a total of 19 appearances in his other two seasons in the NBA. If healthy, he could fill a need for Dallas, who were reportedly interested in re-signing fellow big man DeJuan Blair at the minimum salary.