Bulls have a deal in place that would move Kirk
Hinrich and the 17th pick to the Washington
Wizards, freeing up enough cap space to pursue two maximum-salary
players in this summer's free-agent market, sources with knowledge of
the Bulls' plans said Thursday.
It wasn't immediately clear what
Washington would send to Chicago in the trade.
The deal can't be
officially consummated until July 8, when the Wizards will have room
under the salary cap to absorb Hinrich's $9 million contract without
having to send back anything of similar value.
Since it's a
good-faith deal for the time being, there remains a chance it could fall
apart. But according to one source, the Sacramento Kings
are prepared to make a similar deal with the Bulls in the Wizards'
stead if that were to happen.
As far as I can tell, this doesn't quit get the Bulls 2 max FA room unlikely what the report says. The last cap estimate I had was 56.1 million dollars. The Bulls will have enough room for a $14.3 million dollar offer after signing one maximum free agent.
Granted, they can make a S&T for Bosh using their cap room and not have to send back almost any salary at this point. Something like Bosh for Gibson + Johnson + Charlotte pick + 2011 1st would work under the cap.
Assuming Toronto is still willing to trade S&T Bosh, the Bulls will have plenty to offer.
This also might fit with the report from an internet friend that the Bulls already agreed to terms with Joe Johnson in a handshake deal for 4 years 60 million. That deal would start at 13.4 million, and leave enough for a maximum contract player afterwards.
Now a Joe Johnson, Derrick Rose, LeBron James core is awesome, but it's not exactly diversifying your assets with all of your scoring coming from the perimeter and having three guys who want the ball on the outside.
Still, the Bulls have a ton of options in front of them.
Interesting that KC Johnson just reported that the Bulls wouldn't trade Hinrich/Deng solely for financial flexibility, but wanted something back. It appears very much that they did just that and had to give something up to make it happen.