Buyout Rumors: Bulls, Granger, Butler

The Bulls don’t believe adding a 13th guaranteed contract at this point will push the team into the luxury tax, according to K.C. Johnson of the Chicago Tribune. I examined last month how the team’s proximity to the tax could affect its roster, and Mark Deeks of ShamSports did the same, noting how a bonus for Taj Gibson could push the team over the tax line. Deeks tweeted recently that the Bulls couldn’t sign anyone for the rest of the season until April 3rd, but judging from reports linking them to Jimmer Fredette, Danny Granger and Caron Butler, it appears they don’t have to wait that long. Here’s more on a bustling post-deadline market:

• Granger is having phone conversations today with the Spurs, Heat, Rockets, Clippers and Bulls, tweets Marc J. Spears of Yahoo! Sports. Those are the teams that TNT’s David Aldridge identified Wednesday as Granger’s preferred destinations.
• Deeks clarifies that the Bulls can sign two players for the rest of the season today and stay out of the tax if they’re confident Gibson won’t make an All-Defensive Team and trigger the bonus clause in his contract. If they wanted to play it safe in case Gibson does earn such an honor, they’d have to wait until April 3rd to hand out any contract for the rest of the season (Twitter links).

Earlier updates:

• The Bulls‘ best shot at landing a significant target is with Fredette, McGraw tweets.
• The Rockets are also interested in Butler, according to Gery Woelfel of The Journal Times, who hears the Raymond Brothers client could make his decision on a new team today. The Heat and Thunder appear to be the favorites to land him.
• The Bulls don’t have interest in newly minted free agent Metta World Peace, and they wouldn’t pursue Ben Gordon, either, if he buys his way off the Bobcats, according to Mike McGraw of the Daily Herald.
• The Thunder were linked to Granger last week, but they haven’t been since, and the end of their pursuit has led many in the NBA to believe they’re confident about their chance to land Butler, writes Adrian Wojnarowski of Yahoo! Sports.
• The contract that Glen Davis signed with the Clippers is a two-year deal for the minimum salary with a player option for next season, reports Broderick Turner of the Los Angeles Times. Davis joined the Clippers after securing a buyout from the Magic.