Report: Bulls considering moving Joakim Noah or Luol Deng for pick and cap exception

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The Bulls are in a lot of trade conversations, which is kind of weird. The team was the No.1 overall seed in the playoffs despite Rose having missed all that time, and Rose was the number one, no questions asked, absolute reason the Bulls fell to the Sixers. Why would they mess with what’s working so well? But for whatever reason, either their people, or the people they’re talking to, are very chatty right now.

The newest one is a doozy. The New York Daily News reports the Bulls are seeking a trade for Luol Deng or Joakim Noah in exchange for a lottery pick and a trade exception. Yeah. A trade exception. From the NYDN:

The Bulls want to give Omer Asik and Taj Gibson new deals, so they’re exploring ways to trade Luol Deng and/or Joakim Noah to teams that can send them a trade exception and a No. 1 pick.

via After coaching a dynasty with the L.A. Lakers, Pat Riley is looking to do the same as president of the Miami Heat – NY Daily News.

Now, it’s  possible that this is the Bulls’ approach. Here’s why. If Bulls ownership is looking to cut future salary to ensure their ability to get under the luxury tax to avoid the repeater tax in 2015, they can get Asik and Gibson for cheaper deals overall than Deng and Noah. Deng’s got $27 million owed over the next two seasons, Noah is owed $48 million over the next four. Moving either one and having Asik and Gibson could help them keep the core together and avoid the repeater tax, especially if they amnesty Carlos Boozer.

Why would Bulls ownership just eat the Boozer salary in an amnesty situation? Wouldn’t that just equal the repeater penalty? Not necessarily. Remember that once Boozer hits waivers, any team can bid for part of his salary, which comes off what the Bulls have to pay him. Boozer has enough value that you just know a team would make a bid of up to half his remaining salary and still be getting a bargain. That, plus losing Noah and Deng’s money, would give the Bulls an out from the repeater tax, and some flexibility if they want to make another move.

That said… really?

Deng’s a top-five defender in this league, an NBA All-Star who’s shot has been on fire the past two seasons and plays perfectly next to Rose. Noah is a sparkplug center with versatility who you can lean on when someone’s missing or you need a play. You’re going to give that up for the subs and cap relief? It’s hard to believe, but one thing we’ve already seen is the league acting really weird in regards to that repeater tax. The Lakers and Mavericks have both been casting a wary eye towards it.

It could win up reshaping the league, and the Bulls could be a victim. For now, though, throw this one in the “probably not” pile.