The Chicago Bulls appear to have gone full bore into ‘get out of the tax mode‘ before the NBA trade deadline expires. They just want to move out the warm bodies at reasonable prices and not surprisingly All-Star Pau Gasol is drawing the most interest according to K.C. Johnson of the Chicago Tribune,
A first-round pick and a rotation player.
That’s the asking price, according to league sources, from the Bulls in most of their trade talks as Thursday’s 2 p.m. deadline approaches.
Gasol has drawn interest and the Bulls are weighing whether to deal a player who has made clear he will exercise his player option and become an unrestricted free agent this summer.
The Bulls are just a little over $4 million past the luxury tax line and that’s a spot they’ve only ever been in once before. Paying luxury taxes just isn’t in the Bulls DNA, especially now that playoff success seems very unlikely this season.
If the Bulls can trade both Taj Gibson and Pau Gasol whose combined salaries total $15.9 million and take back the minimum salaries required from a team below the tax line, the Bulls can get their team salary below the luxury tax threshold. For a team that doesn’t like to pay the tax, that would be quite the incentive.
Bulls trade Gibson and Gasol to Toronto
Toronto sends Patrick Patterson, James Johnson and two of their young players back (salaries totaling at least $10.9 million) plus include the Raptors own first round draft picks in 2016 and 2017.
The Bulls get two rotation players and two draft picks as per their supposed asking price and dip below the luxury tax threshold.
Toronto gets an All-Star power forward for the stretch drive and the playoffs.