Not so fast on Bulls-Lakers deal
Trade involving Gasol and Boozer has difficult salary cap issues
The Bulls and Lakers had exploratory trade talks centered on All-Star center Pau Gasol, league sources confirmed. However, multiple obstacles exist for any deal to occur before Thursday's 2 p.m. deadline.
The talks, first reported by ESPN.com's Marc Stein, were driven at least in part by Arn Tellem, the shared agent of Gasol and Derrick Rose. Tellem has had a longstanding strong relationship with Bulls Chairman Jerry Reinsdorf.
Sending Carlos Boozer and C.J. Watson to the Lakers would satisfy trade provisions under the collective bargaining agreement.
However, the Lakers, who are seeking an upgrade at point guard, have zero interest in adding the remaining three years and $47.1 million remaining on Boozer's contract. A habitual luxury tax team, they are wary of the more prohibitive penalties under the new collective bargaining agreement, which toughen in 2013-14.
Thus, a third team would need to be engaged and sources said the Bulls have not found one.
Gasol has two years and $38.3 million left on his deal. However, his contract carries a 15 percent trade kicker. That means he would make close to $22 million next season if he's traded. And the Bulls have luxury tax concerns of their own when Rose's five-year, $95 million extension kicks in next season.
The Bulls own expiring contracts in Watson, Ronnie Brewer, Kyle Korver and Omer Asik, as well as future assets such as the Bobcats' first-round pick obtained in the Tyrus Thomas trade and the draft rights to international phenom Nikola Mirotic.
However, the Lakers are seeking at least one bona fide star on top of draft picks to move Gasol, so cap relief alone likely wouldn't finalize the deal.
The Los Angeles Times reported the Lakers asked the Bulls for Joakim Noah, an unknown player and two first-round picks in return for Gasol.
Gasol, who almost was traded to the Hornets before the season in an aborted Chris Paul deal, has been the subject of trade rumors all season.
http://www.chicagotribune.com/sports...,4460788.story
Trade involving Gasol and Boozer has difficult salary cap issues
The Bulls and Lakers had exploratory trade talks centered on All-Star center Pau Gasol, league sources confirmed. However, multiple obstacles exist for any deal to occur before Thursday's 2 p.m. deadline.
The talks, first reported by ESPN.com's Marc Stein, were driven at least in part by Arn Tellem, the shared agent of Gasol and Derrick Rose. Tellem has had a longstanding strong relationship with Bulls Chairman Jerry Reinsdorf.
Sending Carlos Boozer and C.J. Watson to the Lakers would satisfy trade provisions under the collective bargaining agreement.
However, the Lakers, who are seeking an upgrade at point guard, have zero interest in adding the remaining three years and $47.1 million remaining on Boozer's contract. A habitual luxury tax team, they are wary of the more prohibitive penalties under the new collective bargaining agreement, which toughen in 2013-14.
Thus, a third team would need to be engaged and sources said the Bulls have not found one.
Gasol has two years and $38.3 million left on his deal. However, his contract carries a 15 percent trade kicker. That means he would make close to $22 million next season if he's traded. And the Bulls have luxury tax concerns of their own when Rose's five-year, $95 million extension kicks in next season.
The Bulls own expiring contracts in Watson, Ronnie Brewer, Kyle Korver and Omer Asik, as well as future assets such as the Bobcats' first-round pick obtained in the Tyrus Thomas trade and the draft rights to international phenom Nikola Mirotic.
However, the Lakers are seeking at least one bona fide star on top of draft picks to move Gasol, so cap relief alone likely wouldn't finalize the deal.
The Los Angeles Times reported the Lakers asked the Bulls for Joakim Noah, an unknown player and two first-round picks in return for Gasol.
Gasol, who almost was traded to the Hornets before the season in an aborted Chris Paul deal, has been the subject of trade rumors all season.
http://www.chicagotribune.com/sports...,4460788.story
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