In a hilariously misinterpreted blog post, Sam Smith discussed Toronto's interest in S&Ting Chris Bosh to other teams. Toronto wants a center to pair with Bargnani, and thus, they aren't interested in David Lee or Michael Beasley.
The post was picked up by realgm wiretap to say the Raptors were interested in Noah, but this part seems closer to speculation than fact. The post actually focuses on the idea that the Raptors could gain the most value back for Bosh by trading him for Pau Gasol or Andrew Bynum to the Lakers if they fail to win the title.
Personally, that seems like a better deal for both teams than Joakim Noah going out is. Would you give up Noah for Bosh? I love Joakim Noah, but yes. If it came down to getting Bosh or not getting Bosh then I'll send Joakim Noah out to make it happen. It obviously wouldn't make me happy, but Bosh is a player who's offensive skills are harder to come by than Noah's defensive skills are.
The only way this could possibly work out well for the Bulls is if the Raptors also took Luol Deng in a S&T leaving us with max cap room to make an offer to Wade and bringing in both guys. Of course that's the longest of long shots and makes no sense whatsoever for Toronto who really has no use for Deng with Hedu locked in to one of the worst contracts in the NBA. The one deal that might have some potential would be a Deng/Hinrich/Noah for Bosh/Turkoglu swap, but that's unlikely to leave us with max cap room when it's all done.
So odds are, if we make this trade, we're giving up Noah, and we won't do anything else to free up cap room in the process. At that point, we'd better hope Brad Miller comes back for the vet minimum again, or that we are able to get a rookie who can contribute in the front court again, because a front court of Bosh, Gibson, and no one sure looks awfully thin.
Sam also noted that the Bobcats are trimming costs a ton and are hoping Tyrus takes the QO so they don't need to pay him big money. They're likely letting Felton go as well. Looks like the Jordan era isn't going to be throwing big money around. Expect the Bulls to get an awesome pick from Charlotte whenever it comes due.