Bulls Exploring Pau Gasol Trade; Deal Unlikely

WEDNESDAY, 12:09pm: Negotiations between the Lakers and Bulls about Gasol may have fallen apart when Chicago was unable to find a third team to facilitate the deal, reports Sean Deveney of The Sporting News. An East GM said of the talks: "I think that died on the vine."

TUESDAY, 9:56pm: If a deal between the Lakers and Bulls involving Gasol were to materialize past the exploratory talks, it looks as though there are some major financial obstacles to overcome, writes K.C. Johnson of the Chicago Tribune

There are major luxury tax implications for both teams, and while there are expiring contracts for the Bulls to offer, it isn't likely that cap relief will help get the deal done. Taking on the remaining three years of Boozer's contract could have a dire effect on the franchise, as they could be subject to more prohibitive penalties as a luxury tax-paying team, writes Johnson.

K.C. also cites the Los Angeles Times, saying that the Lakers have reportedly asked for Joakim Noah, an unknown player, and two first-round picks in exchange for Gasol. 

3:34pm: The Bulls are exploring avenues to try to trade for Pau Gasol, reports ESPN.com's Marc Stein. Chicago has been linked to Gasol multiple times in recent weeks, though this is the first time we've heard that they're actively pursuing trade scenarios for the Lakers' big man.

According to Stein, the Lakers have limited interest in the players the Bulls could offer for Gasol, including Carlos Boozer. Stein hears that for a deal to have any chance of working, a third team would likely have to get involved, and the Bulls haven't found that third team yet, tweets K.C. Johnson of the Chicago Tribune. The Lakers, who continue to talk to other clubs about potential Gasol trades, prefer to receive a top point guard if they're going to deal the Spaniard — and Chicago certainly won't be moving its top point guard.

The Rockets have also been aggressive in their pursuit of Gasol, though Houston's unwillingness to include Kyle Lowry in such a deal was a roadblock in those discussions. According to Chris Broussard of ESPN.com, Lakers GM Mitch Kupchak has been telling people recently that he doesn't anticipate a Gasol trade will happen before Thursday's deadline.

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