SATURDAY, 11:56am: Doug Smith of the Toronto Star reports that the Raptors have "no interest" in trading for Boozer or his contract.
FRIDAY, 12:05pm: Although the Raptors and Bulls discussed a potential swap involving Carlos Boozer and Andrea Bargnani earlier this season, reports have indicated that talks aren't currently active. However, according to K.C. Johnson of the Chicago Tribune, there's an offer on the table from the Bulls that the Raptors could revisit if they choose.
Johnson reports that the Raptors were told that a deal of Boozer and Nate Robinson for Bargnani and John Lucas III is available whenever they want it. While a Boozer/Bargnani swap wouldn't be permitted under the league's trade rules, the addition of Robinson's minimum salary and Lucas' $1.5MM salary would make it work.
The duo of Boozer and Robinson has significantly outperformed Bargnani and Lucas on the floor this season, but such a deal would appeal to the Bulls based on its financial implications — the hypothetical trade would allow Chicago to slip below the luxury tax threshold this season. Additionally, although Boozer and Bargnani are both under contract through 2015, Bargnani is owed $22.25MM over the next two seasons, while Boozer will make $32.1MM.
If the Raptors were to accept the Bulls' offer, it would likely make Toronto a taxpayer this season and next, significantly reducing the team's ability to make other moves.