Omer hasn't officially signed his offer sheet as Houston is waiting for players involved in the Camby S&T to pass physicals prior to officially freeing up the cap room to sign him. That should happen over the next day. The Chicago Bulls are looking to move Kyle Korver in a trade rather than keep him on the roster, and the potential trade is holding up the Hinrich signing.
There are a few rumored Korver permutations that I've seen on the net, two make perfect sense, one makes very little.
Korver to Wolves for Ridnour
I'd be absolutely floored if this happened, not only does Ridnour kind of suck, but his contract is a year longer than Korver's nor does he fill as much of a need. This is a classic case of someone hearing the teams were talking and then trying to figure out how the salaries could possibly work.
Korver to Blazers as part of 3 way in Batum S&T
This makes plenty of sense for the Bulls, but I'm not sure it makes any sense for the Blazers. The Blazers are under the cap, so instead of taking Korver they could just have one more year of cap room. It seems extremely likely that Korver will be waived by Sunday anyway, at which point you could sign him for more money than anyone else trivially easily and still likely pay less than his five million dollar option.
The one thing that might help with such a move for Portland is if they want the possibility of keeping cap room open next season than getting Korver on a one year deal seems like an okay move for them. However, it just seems like a stretch.
To me this rumor of the Bulls talking to the Wolves as part of this three way likely spawned the previous rumor about Ridnour. However, I think while there's some sense for Portland in this deal they ultimately decide that if they're going to lose Batum rather than match that they're better off not taking Korver than taking him.
In this scenario, the Bulls would get back a traded player exception they could use to accept another player in a trade for up to Korver's salary of five million which means they could pursue a sign and trade for a five million dollar player right now without sending back salary or take on some money at the deadline or draft. They're also rumored to get a second round pick in the deal (presumably from Minnesota).
Korver to Atlanta in a S&T for Hinrich
By making a S&T with Atlanta for Hinrich, the Bulls will not have used the MMLE on Hinrich. It would give them the flexibility to use the MMLE on another player besides Hinrich this offseason as he'd officially come in via a trade. It strikes me as unlikely that Atlanta is interested in Korver themselves, so I'm expecting the Bulls would send cash to cover his buyout.
If we match Asik, then the Bulls will be in the luxury tax and would effectively owe one million on Korver's buy out. By making this trade, they could send Atlanta 750k and the Hawks get 250k for free while the Bulls save 250k and gain a little added flexibility. It's probably not as good as trading him for a TPE since the TPE would facilitate a five million dollar move and could be used at the trade deadline or draft while the MMLE could only be used for a signing but not a trade.
On the other hand, the MMLE could be used to sign free agents which the TPE could only do in the case of a S&T, but several FAs the Bulls are interested in won't be available via S&T because their teams renounced them in order to use cap room on other players and don't have the bird rights anymore to exceed the cap.
This is the potential trade that's holding up the Korver signing. My guess is that Chicago and Atlanta already agreed to this in principle and will execute this trade if they can't do better over the next 24-48 hours.
Bulls matching Asik?
He hasn't officially signed his offersheet yet, nor have the Bulls come out and officially said anything yet. However, the latest word from Chris Sheridan is that the Bulls will match Asik. Other reports after this have sprung up with league sources saying they think the Bulls will match Asik as well.
What's interesting about this is that Aggrey Sam of CSN discussed the opposite a few days ago. Other local beat reporters have said the Bulls front office is torn on the issue. KC Johnson reported the other sources saying the Bulls would match but fell short of saying he aggrees with them.
In general, the national beat seems to think Chicago will match while the local one is more unsure about it. I believe the rumors that the front office is torn on the deal. The thing is, it's a damned if you do, damned if you don't match situation for Chicago. Match, and you've potentially blown up a 2014 cap space plan. Don't match and you've materially weakened your roster.
The Bulls likely look at this as a short term vs long term flexibility type of issue, and I'm not sure which way they'll go. I think there are basketball arguments either way, however when you picture the off-season as a whole, if Chicago doesn't match and waives Korver to go under the luxury tax then I think we start seeing significant Bulls fan outrage.
Gerald Green and Jerryd Bayless off the market
Both signed for about three million dollars. If the Bulls were able to execute the S&T with Atlanta they could have gotten in on the offer for either player, but as it turns out, they can't. Green will end up with the Pacers while Bayless will head to Memphis. The money out there is drying up, and if the Bulls do get an extra MMLE due to a Kirk/Korver S&T, I wonder if they'll spend it or who on.
Courtney Lee and O.J. Mayo are still out there, but both likely end up getting more money in some other scenario. The tier of players beneath them now looks pretty weak without any difference makers. Brandon Rush is also still available, but I can't imagine Golden State failing to match a MMLE offer. Perhaps Chicago can work it into a S&T to get him to come. I also think Rush is worth more than the MMLE and will eventually find more elsewhere.
Twitter questions answered
@chitownalumni read an article in which they think the Bulls r planning on waiting till 2014-15 I like to plan on future but damn that is crazy
The Bulls are presently executing a conservative holding pattern plan. In 2014, they'll likely have a significant roster shake up as Mirotic will likely come over, Deng will be off the books, Boozer could be amnestied, and the Bulls could get significantly under the cap if they don't keep Omer.
Matching Omer blows up the cap space portion of the plan though.
I don't think the Bulls are blowing off the next two seasons though. I think they are waiting for a good opportunity to come along and will take it if it does while understanding that 2014 is the next natural point where things come together to turn over a good chunk of the roster.
@SamerTadros Do you own a doughnut shop called "Doughnut on Us?"
No, but I have had people think my user name was both doughnuts and doughnuthouse because they read it too fast.
@shaneyboy16 so do u think they are gonna sign redd?
I think they will take Redd if he agrees to come for the minimum. He's (reportedly) deciding between us and Phoenix, presumably, at the veteran minimum. If I were Michael Redd I'd be scared to death to go from the Suns (best medical staff in the universe) to the Bulls (let's just call it dicey and be polite).
@Rudens23 if bulls trade for Ridinour they are idiots, he an Hinrich are similar players. We could have used that money on Mayo
I see absolutely no way in hell that they trade for Ridnour, so I wouldn't stress out about it much.
@shaneyboy16 so with the TPE we wouldnt just have the 5 million we can just sign mayo with?
A traded player exception allows a team to take on extra salary in a trade without sending salary back. We could not use it to sign a player like Mayo directly, but we could use it to facilitate a sign and trade for Mayo with Memphis. In Memphis's case, I believe this is possible becuase while they didn't offer Mayo the QO [meaning they can't match], they do still have bird rights on him.
A sign and trade officially has the player coming to the Bulls as part of a trade. This was the trick the Lakers used to get Steve Nash. Other targets Chicago is interested in may not be available via sign and trade though. I'm not sure if Houston will have room to sign and trade Courtney Lee as an example.
Another target in a sign and trade scenario would be Brandon Rush.
The traded player exception could also be used at the trade deadline to facilitate a deal or at the draft to essentially buy a draft pick. Traded player exceptions commonly allow a team to take on a little salary to grease the wheels of another trade as the third party and get some type of compensation.
@VLave32 any news on Calderon, amnesty? S&T maybe??
@chicagofan999 do you think there's any chance the Bulls sign Scola if the Rockets amnesty him? Obviously if we dump Booz...
Calderon and Scola, like Elton Brand, would never make it through the amnesty bidding process for teams under the cap. The Bulls aren't in that group and so would have no chance to acquire him.
@chriscook80 When have the Bulls ever used a TPE? They won't use it.
I'll always root for them to have flexibility and not need it or not find the right deal to use it than to not have it at all and miss out on the right deal. I agree there's a very good chance the Bulls would fail to use their TPE, especially while in the tax, but there are circumstances where it could have value. Particularly after free agency starts next summer.
@bxxg23 If Asik hasn't signed his Houston offer sheet, can the Bulls make him an offer for 8/8/9 rather than 5/5/15?
@bxxg23 If the Bulls had paid Asik more than $1M the last two years, would they still be limited to offering $5M next year?
The Bulls are restricted to paying Asik the MLE because they only have early bird rights. They can only match contracts made on him because of the Gilbert Arenas exception which force other teams to lower their offers. However, the Gilbert Arenas exception provides a weird loop hole.
The Bulls can only offer 5 million a year with 4.5% raises while another team can offer Asik the same for two years then the max for two years. The result is that the Rockets offer is actually considerably more than the Bulls could offer, but the Bulls are still allowed to match it.
This is why there will be no Asik S&T. The Bulls can't sign him to the same deal Houston offered. It's a pure match/don't match scenario.
If Asik has signed a three year deal instead of a two year deal then the Bulls could have offered him anything, but then so could other teams. Of course, he'd also be a FA next year instead of this one.
@kevinferrigan what a cheap frigging move. They got out of paying his $500k buyout. Jesus christ.
Depends what you do with the TPE/MMLE. If you trade Korver, get a 2nd rounder and a TPE or free up the MMLE and use either sign Mayo/Rush/Lee things don't look so cheap anymore do they?
@Rudens23 perfect time to trade for Howard, Nets have no money to sign him next year, no way he leaves at a discount to another team
I've written about it a few times. I would absolutely trade for Howard with or without an extension in place.
Filed under: Free Agency