Atlanta Hawks v Chicago Bulls

Chicago Bulls creating offseason trade options with latest signings (updated)

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Update: I miscalculated. The Bulls are safe from the luxury tax — at least unless Joakim Noah and Taj Gibson each get $500,00 bonuses.

Because Andrew Bynum signed with the Pacers, Chicago can set off a portion of his salary ($105,564 in this case) — an amount I didn’t account for. That leaves them $791,165 beneath the tax line — more than the $750,000 in leeway discussed below.

Noah ($500,000 for All-NBA first team) and Gibson ($500,00 for All-Defensive first team) could still send the Bulls into the tax. However, even if the Bulls hadn’t signed Ronnie Brewer, Lou Amundson, Mike James and Greg Smith, they still would have had more than $750,00 but less than $1 million in leeway.

So, Chicago can absorb a $500,00 Noah bonus for All-NBA first team and a $250,00 Gibson bonus for All-Defensive second team and avoid the tax. But if Noah and Gibson each get $500,000 bonuses, Chicago will pay the tax.

It’s the same situation regardless of whether the Bulls made their latest run of signings.

In sum, these signings won’t make the Bulls more likely to pay the luxury tax, but they’ll cost Chicago a few extra real dollars. In return, the Bulls get more trade flexibility — a definite win for them.

Original post: The Chicago Bulls, like every team, would like to avoid the luxury tax.

Not only are luxury-tax penalties already costlier than ever, repeater penalties loom. If a team might be willing to pay the tax only while contending, it’s especially prudent not to pay the tax when out of contention.

That’s what makes the Bulls’ situation so fascinating.

With all due respect to the marvelous job Tom Thibodeau, Joakim Noah and crew have done this season, Chicago is an extreme longshot to win the 2014 championship. But once Derrick Rose gets healthy, Nikola Mirotic signs, the Bulls use both their 2014 first-round picks (one from Charlotte) and exhaust their pending cap space… Chicago could get really good – and really expensive – in a hurry.

Yet, the Bulls have flirted with the luxury-tax line this season while still remaining pretty competitive. It’s a tight line to walk – wanting to keep salary low without completely blowing up the team (a dichotomy the Luol Deng trade accomplished).

Chicago caught a big break in that quest when they waived Erik Murphy and the Jazz claimed him, removing his salary from the Bulls’ books. That positioned Chicago to add up to three players and leave $750,000 in leeway under the luxury-tax line for performance incentives potentially due to Joakim Noah ($500,00 for All-NBA first team) and/or Taj Gibson ($500,00 for All-Defensive first team or $250,000 for All-Defensive second team).

The Bulls opted to go another way, though.

Chicago signed Ronnie Brewer, Lou Amundson and Mike James to minimum-salary multi-year contracts, according to Larry Coon. Amundson’s’ agent, Mike Bartelstein, confirmed his client’s contract was for two years. James’ agent, Bernie Lee, did the same for his client.

The multiple years matter, because the NBA pays a portion of the minimum salaries for veterans with at least three years experience and the league’s portion of the payments are not taxed – but only for one-year, 10-day and rest-of-season contracts. By signing those three to multi-year deals, Chicago assumed all payments and the increased tax burden that comes with them.

On the positive side, the Bulls signed Greg Smith – who surprisingly cleared waivers – without having to worry losing their $750,000 leeway, because they’d already lost it.

Smith – like Brewer, Amundson and James – could prove useful in trades after the season. Smith is a talented young big man, and the other three have unguaranteed contracts, according to Coon. That allows their salaries to help a trade match, and then they could be released them without penalty.

All in all, the Bulls are now $685,601 below the luxury-tax line – meaning they can absorb only one of the bonuses potentially due to Noah and/or Gibson without paying the tax.

If the bonuses due to Noah and Gibson fall short of $750,000, the Bulls win. They’ll avoid the luxury tax and will have added potentially useful trade assets.

But if Noah and Gibson both hit their incentives, the Bulls will pay the tax, though they’ll still have tradable assets in Smith, Brewer, Amundson and James.

It’s a calculated risk that I think will work. I project Noah to make the All-NBA first team, but I don’t have Taj Gibson making an All-Defensive team.

However, the downside – paying the tax – is high enough that I don’t believe the multi-year deals were worth it. Had the Bulls waited until Saturday to sign Brewer, Amundson and James, Chicago would have kept its $750,000 luxury-tax leeway and still signed Smith, anyway.

Chicago is choosing to play with tax fire to better position itself for a trade later, perhaps a revealing strategy about the franchise’s long-term plans.

Former Magic player Keith Appling arrested for third time in four months

Orlando Magic's Keith Appling (15) makes a shot in front of Philadelphia 76ers' Jerami Grant (39) and Nerlens Noel (4) during the first half of an NBA basketball game, Wednesday, Jan. 20, 2016, in Orlando, Fla. (AP Photo/John Raoux)
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Former Magic player Keith Appling was arrested in May.

Former Magic player Keith Appling was arrested in June.

Former Magic player Keith Appling was arrested in August.

Robert Allen of the Detroit Free Press:

Former Michigan State basketball player Keith Appling was arrested after a traffic stop Sunday, his third arrest since May, Detroit police said.

Appling, 24, was pulled over at about 9 p.m. on the city’s east side after driving away from a traffic stop, and a gun was found in a bag on the side of the road, according to an Associated Press report.

Kyle Lowry wishes Bismack Biyombo a happy 48th birthday

TORONTO, ON - MAY 27:  Bismack Biyombo #8 talks to Kyle Lowry #7 of the Toronto Raptors in the first quarter against the Cleveland Cavaliers in game six of the Eastern Conference Finals during the 2016 NBA Playoffs at Air Canada Centre on May 27, 2016 in Toronto, Canada. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Vaughn Ridley/Getty Images)
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Bismack Biyombo might have left Toronto, but he didn’t escape jokes about his age from the Raptors.

Biyombo – according to official records, which have been disputed – turned 24 yesterday.

Unofficially? Kyle Lowry:

Hakeem Olajuwon, David Stern enshrined in FIBA Hall of Fame

NEW YORK, NY - JUNE 27:  Hakeem Olajuwon (L) greets NBA Commissoner David Stern looks on during the 2013 NBA Draft at Barclays Center on June 27, 2013 in in the Brooklyn Bourough of New York City.  NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Mike Stobe/Getty Images)
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The FIBA Hall of Fame (not to be confused with the Basketball Hall of Fame, which is not to be confused with the NBA Hall of Fame, which doesn’t exist) enshrined Hakeem Olajuwon and David Stern in its 2016 class.

Olajuwon won a gold medal with Team USA in the 1996 Olympics. A Nigeria native, he has helped promote basketball in Africa.

After growing the sport’s popularity stateside, Stern pushed to globalize basketball as NBA commissioner.

The full list of 2016 inductees:

PLAYERS
Panagiotis Fasoulas (Greece)
Hakeem Olajuwon (Nigeria/USA)
Manuel Raga (Mexico)
Juan Antonio San Epifanio (Spain)
Michele Timms (Australia)
COACH
Jorge Canavesi (Argentina)

CONTRIBUTOR
David J. Stern (USA)

The criteria:

The over-riding objective of the Hall of Fame is to reflect the history of the sport.
The honour may be awarded posthumously.
The key conditions for induction to the FIBA Hall of Fame are:
•    Outstanding achievement at the international level from a personal effort or initiative
•    Having contributed to the performances of players, technical officials, coaches, and administrators or to the global development of basketball.

Olajuwon and Stern seem to fit the bill.

Now, if only there were a Hall of Fame that appropriately recognized NBA achievements.

Blake Griffin went back to Oklahoma for alumni weekend, heard Thunder recruiting pitch

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Blake Griffin reportedly doesn’t want to leave Los Angeles when his contract is up next summer. This is a guy who has done stand up, is executive producer of a television show, and is generally loving the perks of living in Los Angeles.

Still, the dream lives on in Oklahoma City that he will come in and be the next star there and pair with Russell Westbrook.

Griffin was back in his native Oklahoma for alumni weekend with the OU basketball team, and he heard the sales pitch.

Griffin blows this off, just like he is going to try to blow off the dozens and dozens of reporters who will ask him about his summer plans during the season.

But he has to know the recruiting pitches are coming all season, especially when he visits OKC.