Bulls Rumors

Central Notes: Rose, Calderon, Mayo, Bucks, Bulls

Derrick Rose's return to the Bulls may be just around the corner, as Rose's doctor has cleared him to play, according to Melissa Isaacson of ESPNChicago.com. The Bulls guard still isn't entirely comfortable dunking off his left foot, and isn't 100% ready mentally to make his 2012/13 debut, so the club isn't pressuring him, writes Isaacson. But it sounds as if Rose will return well in advance of the postseason, perhaps within the next week or two. As we look forward to seeing the former MVP back on the court, let's round up a few more items out of the Central Division….

Central Notes: Thibodeau, Ellington, Stephenson

Last night was a tough one for the Central Division, as both the Bulls and Pacers lost competitive battles against the Celtics and Spurs. The exception to the rule was Kyrie Irving and his Cavaliers, who defeated the struggling Jazz at home. Here are a few notes from around one of basketball's toughest divisions. 

Bulls Sign Louis Amundson

SATURDAY, 1:01pm: The Bulls have made Amundson's signing official, announcing it in a press release.

FRIDAY, 2:19pm: Amundson turned down a rest-of-season offer from another team because he had already committed to the Bulls' 10-day offer, according to Marc J. Spears of Yahoo! Sports (via Twitter). It's not clear which club made Amundson the offer.

11:48am: The Bulls will sign Louis Amundson to a 10-day contract, according to Chris Tomasson of FOX Sports Florida (via Twitter). Amundson was said to be drawing interest from at least four Eastern Conference teams, with ESPN.com's Marc Stein reporting that Chicago was the frontrunner.

The Knicks, Heat, and Celtics also had interest in Amundson. However, the Knicks would have needed to release a player or give up on Kenyon Martin to make room for the big man. The Heat, meanwhile, liked Amundson, but felt he duplicated a lot of the skills Chris Andersen brings to the table, according to Tomasson (Twitter link). As for the Celtics, they filled their final roster spot earlier today by signing Shavlik Randolph.

In 20 games with the Timberwolves earlier this season, Amundson averaged just 8.1 minutes per contest, his lowest mark since 2007/08. His 6.4 PER and .368 FG% were also career-lows. The Wolves cut him last month when they signed Chris Johnson and Mickael Gelabale to rest-of-season deals.

If Amundson does well in Chicago on his first 10-day contract, the Bulls have room under their hard cap to eventually sign him for the remainder of the season. The 30-year-old is expected to finalize the deal with the Bulls tomorrow, according to Tomasson.

Bulls Frontrunners To Sign Lou Amundson

10:51pm: The Bulls are in talks to sign Amundson, tweets Marc Stein of ESPN.com, who adds that a decision is expected on Friday. 

8:16pm: Amundson's agent, Mark Bartelstein, acknowledges that while the Knicks are currently in the mix, his client is currently "close" to signing with another team (Ian Begley of ESPN New York tweets). 

1:51pm: Since being cut by the Timberwolves nearly three weeks ago, Louis Amundson has yet to find another NBA job. However, the big man tells Chris Tomasson of FOX Sports Florida that a few teams are interested in him, including the Heat, Knicks, Celtics, and Bulls.

The Heat, Celtics and Bulls all have open roster spots, while the Knicks would have to clear room on the roster to make a move. According to Amundson, New York is waiting to see how things work out with Kenyon Martin before making a decision. The Knicks could also waive Rasheed Wallace to clear a roster spot. As for the Heat, Amundson told Tomasson that there may be too much overlap between his skillset and Chris Andersen's. The Birdman recently signed with Miami for the remainder of the season.

While four Eastern Conference teams remain in the mix for Amundson, he was nearly sent to another Eastern club earlier this season. According to Amundson, a trade that would have sent him and Luke Ridnour to the Sixers for Spencer Hawes was nixed by Minnesota, out of concern that dealing Ridnour would leave the team thin at point guard while Ricky Rubio worked his way back to 100%.

Since he was released earlier in February, Amundson will be postseason-eligible for his next team even if he signs after tomorrow's buyout deadline.

Teams Projected To Be In The Tax

On deadline day, the Warriors traded a pair of minimum-salary players, Jeremy Tyler and Charles Jenkins, for essentially nothing. Sixers GM Tony DiLeo confirmed that his team not only acquired Jenkins and put heavy protection on the second-round pick sent to the Warriors, but received an amount of cash from Golden State that more than covered the youngster's salary for the rest of the season. The specific details of the Hawks trade for Tyler aren't clear, but we can probably assume Golden State included a similar amount of cash there, and that Atlanta's second-rounder included similar protection.

For the Warriors, paying a little extra money now made more sense than paying the price later, as trading Jenkins and Tyler allowed the team to get below the tax threshold ($70,307,000) and avoid becoming a taxpayer. The moves will not only save the team from making a tax payment itself at year's end, but will allow the Warriors to receive a portion of the tax payments from the clubs above the threshold.

While the Warriors chose to avoid the tax, the Bulls resigned themselves to becoming a taxpayer for the first time rather than give up a future first-round pick to get below the line. A club like the Celtics also chose to remain marginally over the threshold, while others like the Heat, Nets, and Lakers remained significantly in the tax. Here are the clubs projected to be taxpayers this year, along with their current team salaries, which could rise if they make additional signings before season's end:

  • Los Angeles Lakers: $100,166,250
  • Miami Heat: $83,204,612
  • Brooklyn Nets: $83,147,981
  • New York Knicks: $80,165,743
  • Chicago Bulls: $74,061,031
  • Boston Celtics: $71,371,552

Of the six teams on this list, three of them – the Lakers, Heat, and Celtics – were also taxpayers last season, putting themselves in line for the repeater tax down the road. Teams that are in the tax for four of five seasons are subject to the repeater tax, so after being taxpayers for two consecutive years, the Lakers, Heat, and Celtics will have to stay out of the tax for two of the next three seasons to avoid paying the more punitive repeater penalty in 2016.

Storytellers Contracts was used in the creation of this post.

Bulls Chose Luxury Tax Over Trading First-Rounder

The Bulls were one of just seven NBA teams that had never paid the luxury tax entering this season, but after standing pat at the deadline, Chicago is poised to be a taxpayer for the first time. According to Grantland's Zach Lowe, however, the Bulls could have "easily" traded Richard Hamilton and moved under the tax threshold, but were unwilling to include a first-round pick along with Hamilton.

Adrian Wojnarowski of Yahoo! Sports reported on deadline day that the Bulls were reluctant to pair Hamilton with a draft pick in trade talks, though at the time it wasn't clear what sort of pick would be necessary to dump Hamilton's $5MM salary. As I noted in my post on Wojnarowski's report, when the Grizzlies got under the tax by sending Marreese Speights and Wayne Ellington to Cleveland, the cost was a future first-round selection whose protection will likely make it a lottery pick.

The Bulls have enough assets that they could have afforded to part with one had they been serious about getting out of the tax — in addition to all of their own picks, the team also holds a future Bobcats first-rounder and the rights to Nikola Mirotic. Although Derrick Rose's brother Reggie may not have been impressed with Chicago's inactivity at the deadline, the team's decision not to give up an asset in a purely financially-motivated deal seems to represent a step in the right direction.

Teams With Open Roster Spots

Since the trade deadline, a pair of contenders have taken advantage of having an open roster spot, with the Knicks adding Kenyon Martin on a 10-day contract and the Thunder agreeing to sign Derek Fisher for the remainder of the season.

For New York and Oklahoma City, adding a veteran as a 15th man makes sense for depth purposes, and we may see a few more playoff contenders take the same approach as Friday's buyout deadline nears. For non-contenders, a D-League pickup or two may be more likely, as teams take a look at players who may be able to contribute beyond this season.

Clubs carrying fewer than 15 players are more likely to add free agents at this point, since they won't have to release a player on a guaranteed contract to clear space for a pickup. So with the help of our constantly-updated roster counts page, let's take a quick look at the list of teams with at least one open roster spot. The number of available spots is indicated in parentheses.

Eastern Conference:

  • Boston Celtics (2)
  • Brooklyn Nets (1)
  • Charlotte Bobcats (1)
  • Chicago Bulls (1)
  • Detroit Pistons (1)
  • Miami Heat (1)
  • Orlando Magic (1)

Western Conference:

  • Golden State Warriors (2)
  • Houston Rockets (1)
  • Los Angeles Clippers (1)
  • Los Angeles Lakers (1)
  • Memphis Grizzlies (2)
  • New Orleans Hornets (2)
  • Sacramento Kings (1)

Brigham On Future Contenders

Joel Brigham of HoopsWorld has a new column examining which teams have a chance to be title contenders five seasons from now, taking into account possible moves in free agency and the ages of the teams' core players.

  • Brigham believes the Thunder still have the brightest future, given that Kevin Durant, Russell Westbrook, and Serge Ibaka will all be under 30 in five seasons.
  • LeBron James' free agency will play a major role in determining the next title contender, Brigham writes. The health and effectiveness of Dwyane Wade will determine whether James stays with the Heat, but the Cavaliers and Lakers are also possible destinations.
  • On that note, Brigham writes that, although Kyrie Irving is blossoming into a superstar, the Cavs will not be a contender unless James signs in Cleveland.
  • The Bulls will still be contenders if Derrick Rose and Joakim Noah stay healthy, Brigham writes. He also notes that Nikola Mirotic will have come over to the NBA by then.
  • The trade for Thomas Robinson added another young piece to the James Harden/Jeremy Lin core the Rockets have built, Brigham writes. Additionally, the team is still well under the cap and can add another high-level player via free agency.
  • Damian Lillard and LaMarcus Aldridge give the Blazers a solid core to build around, writes Brigham.
  • Brigham writes that there will be uncertainty every year for the next five as to whether Chris Paul will still be with the Clippers.
  • Even if Stephen Curry's ankles don't hold up, Klay Thompson and Harrison Barnes give the Warriors a good young core, Brigham says.
  • Brigham writes that the Pacers have excellent cornerstone players in Roy Hibbert and Paul George.

Bulls’ Inactivity Could Impact Rose’s Return

6:55pm: Rose has released a statement distancing himself from his brother's comments and backing the Bulls organization:

“I have always felt that the Bulls organization’s goals have been the same as mine and that is to bring another championship to this city.”

6:43pm: Derrick Rose's return to the court is still up in the air, but the former MVP's brother, Reggie, tells Scott Powers of ESPNChicago.com that the team's decision not to make any trades before Thursday's deadline could impact Rose's willingness to return this season.

"Joakim Noah is a great player. Luol Deng is a great player. But you need more than that. You have to put together pieces to your main piece. The players can only do so much. It's up to the organization to make them better."

"It's frustrating to see my brother play his heart and soul out for the team and them not put anything around him," Reggie Rose said.

The Bulls attempted to move Richard Hamilton and Carlos Boozer in recent weeks and were at one point linked to J.J. Redick before the deadline, but they ultimately did not make any moves.

J.J. Redick Rumors: Thursday

Based on reports late last night, it sounds like the Magic are still on the fence about whether or not they'll trade J.J. Redick. While the team is clearly fielding offers, Orlando also seems willing to hang on to Redick for the season if no suitable proposals are made. We'll track today's Redick rumors here, with the newest items added throughout the day:

  • The Pacers are out of the running for Redick, tweets ESPN.com's Chris Broussard.
  • The Redick talks are coming "down to the wire" with the Pacers, Sixers, and Bucks still involved, tweets David Aldridge of TNT. The Spurs are out, according to Aldridge.
  • A source involved in the Redick talks now believes there's a strong chance the sharpshooter will remain in Orlando, tweets Ken Berger of CBSSports.com.

Earlier updates:

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