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.

Rajon Rondo breaks hand, will be out weeks

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It was a big night for the Lakers. LeBron James was the most aggressive he has been as a Laker and took over the game, dropping 44 points on the Trail Blazers. It was also the Lakers’ sixth win in seven games, moving them up in the crowded West.

But it was not all good news: Rajon Rondo has broken his hand.

While the Lakers will not put a timeline on the injury, traditionally it takes a month or more to heal.

The Lakers have been 3.4 points per 100 possessions better this season with Rondo on the court, with that improvement coming on the defensive end. Lonzo Ball has started in front of him and will continue to do so.

Rondo was brought in as a mentor to the young LAkers and that is going to continue.

LeBron James passes Wilt Chamberlain for fifth on all-time scoring list

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LeBron James followed Wilt Chamberlain’s footsteps in establishing himself as a great player then joining the Lakers.

Now, LeBron has passed Chamberlain on the all-time scoring list.

LeBron scored 44 points in the Lakers’ win over the Trail Blazers on Wednesday to move ahead of Chamberlain for fifth in career points. LeBron now trails only Kareem Abdul-Jabbar, Karl Malone, Kobe Bryant and Michael Jordan.

The leaderboard:

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LeBron had his finest game with the Lakers on Wednesday, posting 44 points, 10 rebounds, nine assists and three blocks in a 126-117 victory. He tried and failed to get a triple-double late, but he still got the win and an enhanced place in NBA history.

Next up for LeBron: Jordan, the only top-six all-time scorer who never played for the Lakers.

76ers lose Jimmy Butler’s, Timberwolves win Robert Covington’s and Dario Saric’s first games with new teams

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Jimmy Butler had 14 points in his Philadelphia debut, but the 76ers collapsed late and lost at Orlando, 111-106, after Terrence Ross hit a tiebreaking 3-pointer with 8.7 seconds left that helped the Magic finish off a big comeback Wednesday night.

Orlando scored 21 straight points in the fourth quarter, then held the 76ers without a field goal over the final 3 1/2 minutes.

Nikola Vucevic had 30 points for the Magic, including two free throws with 5.8 seconds remaining.

Joel Embiid finished with a triple-double of 19 points, 13 rebounds and 10 assists for the 76ers, who lost for the seventh time in nine road games. J.J. Redick led Philadelphia with 22 points but committed two turnovers in the final 31 seconds.

Butler played 33 minutes and shot 6 for 12 from the field. The four-time All-Star was acquired Monday from Minnesota in a five-player trade.

Meanwhile in Minneapolis, the Timberwolves improved to 2-0 since trading Butler with a 107-100 victory over the New Orleans Pelicans on Wednesday night.

Karl-Anthony Towns had 25 points and 16 rebounds. Andrew Wiggins scored 23.

The game was Minnesota’s first with forwards Robert Covington and Dario Saric. They were acquired from the Philadelphia 76ers along with injured guard Jerryd Bayless in exchange for the disgruntled Butler.

The trade was completed Monday, meaning Covington and Saric did not join their new teammates in time for the Timberwolves’ 120-113 victory over Brooklyn that night.

Covington started Wednesday, scoring 13 points and grabbing seven rebounds. He drained a pair of long, catch-and-shoot 3s in the third quarter as the Timberwolves were trying to hold off a Pelicans comeback.

E'Twaun Moore scored a season-high 31 and Anthony Davis had 29 points and 11 rebounds for the Pelicans, who had won three straight.

TIP-INS

76ers: Embiid made all three of his 3-pointers in the first 4:09 of the game. … Ben Simmons is 23 for 28 (.821) from the foul line at home, and 22 for 44 (.500) on the road.

Magic: F Jonathan Isaac played 16 minutes after missing six games with a sprained right ankle. … By winning for the fifth time in seven games, the Magic broke a four-game losing streak against the 76ers.

Pelicans: C Nikola Mirotic returned after missing two games with a right ankle sprain. He had 16 points and 10 boards. . Head coach Alvin Gentry said PG Elfrid Payton is close to returning from his own right ankle sprain, but he sat out his ninth straight game.

Timberwolves: The win was Minnesota’s fifth straight against New Orleans. . G Derrick Rose (left knee soreness) did not dress after playing 39 minutes in the win over Brooklyn on Monday. Rose is averaging 19.2 points and 4.8 assists per game this season. . Teague played for the second time in three days after missing six games with a bruised left knee.

UP NEXT

76ers: Home against Utah on Friday night.

Magic: Home against the Los Angeles Lakers on Saturday night.

Pelicans: Host the New York Knicks on Friday night.

Timberwolves: Host the Portland Trail Blazers on Friday night.

PBT Extra: Philadelphia has Jimmy Butler. Now what?

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Not long after the trade sending Jimmy Butler to Philadelphia was announced, there were some Sixers fans were on Twitter planning the championship parade route.

Reality, of course, is never quite so simple. The Orlando Magic made that clear knocking off Philadelphia in Butler’s debut.

What should we expect from these Sixers now? I get into it in this latest PBT Extra. Expect exceptional defense. However, are the big three of Buter/Joel Embiid/Ben Simmons willing to make the sacrifices necessary to their game to win at the highest level? We will see.