There are plenty of names out there which seem interesting on the surface bringing all types of skills the Bulls could use: championship experience, three point shooting, interior toughness, etc.. Just don't expect the Bulls to pull the trigger on any of them.
Derek Fisher is the most interesting name right now
With Derrick Rose out, Derek Fisher might become the Bulls starting point guard immediately. He has plenty of championship experience, can hit a big shot, and could defend in his youth. Unfortunately, while Fisher has a history rich with clutch shooting, his performance has been enhanced by low expectations of playing PG in L.A.
Quite simply, he's rarely had to do much for the Lakers. He doesn't really create shots off the dribble for himself or for others. His once proud defense has succumbed to old age, and his shooting has taken a nose dive.
Does Derek Fisher really improve your odds of winning a basketball game compared to John Lucas? Perhaps he does, but perhaps not. I know I'm playing C.J. Watson over Fisher which means at best he's the third point guard on a healthy roster, and quite frankly, I remain unconvinced that he's any better than Lucas for this team given Lucas's familiarity with the system and irrational confidence.
I think I trust Lucas as a shooter more, and Fisher really doesn't bring much else besides history to the table.
Andres Nocioni was a fan favorite
In his favor is the fact that Luol Deng and Andres Nocioni were best friends while they played together in Chicago in the past, and Luol has come out and endorsed him for this team as well. He also plays with a ton of heart and loves Chicago. I was really happy when we dumped him given his play and contract, but his exit speech was sad enough to make me feel really bad for the guy.
Unfortunately, it's easy to forget what an incessant whiner he became. Prior to being traded, he bitched non stop about how the Bulls wouldn't share the ball while having the lowest assist rate on the team. "Not sharing the ball" apparently meant, "not giving me enough shots", because he was the last guy to give the ball up to someone else once getting it.
The same trend followed him around the league after being off Chicago, and his role quickly diminished on a Philadelphia team that could really use some extra shooting and prides itself on defensive toughness. If he couldn't fit in on a team that needs his theoretical strengths then it's probably fair to note that those strengths remain theoretical more so than actual.
Nocioni can destroy teams defensively with his propensity to roam out of the system and provide help where it's not needed while giving up good looks to his own man. While he can knock down the three point shot, his release is slow enough that he requires a fairly open look to get off a quality attempt.
I loved the guy when he first came to Chicago, but his athleticism faded fairly quickly as did his overall play. The Bulls would be better served sending additional minutes in Jimmy Butler's direction rather than bringing Nocioni in to play a few mop up minutes. Butler needs the time to develop and might have a significant role next year.
Ronny Turiaf would make sense if he's not a slug
Turiaf is one of those guys who always looked like a threat to eat himself out of the league to me. He's got that Glen Davis wide body thing going which can sometimes play as a big advantage as he takes up a lot of physical space and can push guys around. Unfortunately, after a lock out shortened off-season and barely playing this season, I suspect that Turiaf is really in no condition to be all that helpful.
He might be the best fifth big available right now, but the Bulls don't have a particular need for a fifth big at the immediate moment as they aren't suffering through any front court injuries. If he's actually in decent shape, then he'd be an okay pickup, but he wouldn't have a spot in the rotation, so the odds of him helping in any meaningful way remain small.
Terrence Williams was someone many liked on draft day
Williams hasn't endeared himself to the teams he's played for on or off the court. While he remains a young player with plenty of potential, he hasn't been able to knock down shots or score at a reasonable percentage in the NBA. He does have a nice all around skillset to develop into a triple threat wing as he can rebound, score, and pass in theory, but in practice he doesn't do any of them well enough to deserve regular playing time.
Perhaps he's a gem in the rough, but he's a gem that requires plenty of work and minutes to polish up if so, and the Bulls simply don't have that available this season. There's simply no need to bring in a guy who's not going to be immediately more productive than at least one guy in the top 11 rotation, and Williams wouldn't be.
The "if they got waived" club
There are rumors of other players getting waived as well that might be able to help Chicago:
Chris Kaman: I'd love to add him, but realistically, why the hell would he sign with us over Miami? He might be the starting center in Miami, and he's probably the third center in Chicago. Chicago's probably better off if he's not bought out.
Boris Diaw: He's played poorly this season, but he's a well rounded player who could fill a PF role admirably for Chicago if signed. However, the Bulls don't have many minutes available for him, and he's not likely to beat out anyone in the present rotation.
Mehmet Okur: He's been out indefinitely with back problems, and it's possible that he may not be healthy enough to play again this season. If he could play, he'd provide shooting the Bulls could use in the front court, but given that he doesn't seem likely to play, it's not worth spending much thought on.
If you hadn't noticed, Chicago is pretty deep
One thing almost all waiver candidates have in common is the fact that they aren't all that good. Chicago has plenty of good players now, and I don't see a waiver candidate stepping up in the rotation over the guys presently on the roster. Given that, I don't see Bulls ownership looking to disrupt the chemistry or waste the practice time on trying to bring one in.
The Bulls don't need to add anyone to the team, at least no one who was available at the trade deadline, and no one who's available on the waiver wire. They simply need to get healthy and hope that the guys they have are already enough.