No. He's gone. Don't get me wrong. However, the Bulls should be in the ear of his agent saying they want to do a sign and trade with the Pistons to get Gordon a sixth year on his deal. This would obviously appeal to Gordon to get an extra guaranteed year, and after the Pistons have shown him so much respect it might prove difficult for them to avoid offering it without soiling their relationship before it starts.
What's in it for the Bulls? A gigantic trade exception. For those who aren't salary cap experts, what this means is that for one year from the date of the Gordon trade the Bulls would be able to take back a single player with up to the amount of Gordon's new salary without matching salaries.
This would allow us to be one of the biggest players at the trade deadline because we could save another team so much salary by taking on salary without sending any back.
This would be similar in nature to the deal between the Sonics and Magic when Rashard Lewis left. It has no downside for us, as we increase our flexibility tremendously while clogging up the Pistons cap slightly more.
It's worth noting the trade exception would be unlikely to be used because we'd still be so close to the tax. Still, there's no reason not to attempt to get this flexibility just in case, and if Reinsdorf was willing to spend at the deadline, we could even come out ahead on the whole Gordon fiasco if the exception allows us to address a front court need.