The Charlotte Hornets traded injured guard Rex Chapman to the Washington Bullets in exchange for forward Tom Hammonds.
Chapman was chosen as the eighth pick in the 1988 NBA draft and was the Hornets' first-ever draft choice. He is the team's all-time leading scorer with 3,574 points.
However, he has missed the last 30 games because of a strained arch.
Hammonds, the former Georgia Tech standout from Crestview, was selected ninth overall by the Bullets in the 1989 draft. In 37 games this season, he's averaging 11.9 points and five rebounds. He scored a career-high 31 points at New York last month.
The Bullets will take over a four-year contract extension Chapman signed with the Hornets. The contract takes effect after this season and will pay him approximately $2-million per season.
Magic Johnson joins NBC, not L.A. Lakers
Magic Johnson will become an NBA commentator for NBC for the rest of the season. That means Johnson won't rejoin the Los Angeles Lakers for the playoffs as he has talked about in the past.
The network said Wednesday that the former Los Angeles Lakers star will work on regular-season and playoff telecasts, including the NBA Finals in June.
Johnson, who retired in November after contracting the HIV virus, has talked about a possible resumption of his NBA playing career. His agent, Lon Rosen, said Johnson would evaluate his status after playing for the U.S. team at the Barcelona Olympics this summer.
Bulls 112, Magic 99: Michael Jordan scored 22 of his 27 points in the first half, and Chicago rallied from a 10-point deficit in the second quarter to beat host Orlando.
The Bulls, who improved the league's best road record to 20-7, are now 23-0 in games in which they've held the opponents to fewer than 100 points.