ESPN's Marc Stein is reporting that the Hornets and Bobcats are close to completing a trade that would send Tyson Chandler to Charlotte in exchange for Emeka Okafor.
The salaries of each player are within $1.1 million of each other, but Chandler's has only one year remaining while Okafor is on the books for another four. This is a sharp reversal from the earlier belief that the New Orleans front office wanted to cut contracts and make salary cap room.
From a basketball standpoint, I'm not sure if this is that great of a trade for the Hornets. Both Chandler and Okafor are the same age and Okafor is largely viewed as an underachiever. Chandler, though, is injury prone and Okafor may improve when teamed with an outstanding point guard like Chris Paul.
For the Bobcats, the move will help them create salary cap space heading into the ever-discussed "Summer of 2010." It isn't yet known if other players will be included in the deal, but Chandler and Okafor are the two main pieces being discussed.