The Bulls are very open to bringing back Kyle Korver. They're also open to a sign-and-trade deal that sees his contract leave the books. (Mandatory Credit: Rob Grabowski-US PRESSWIRE)

Bulls Exploring Kyle Korver Sign-and-Trade Options with Wolves

They haven’t done anything all offseason long and the Bulls are waiting until the very last minute to try and get compensation for a contract that might be expiring at their behest. Chicago has already stated that they are not picking up the options of Ronnie Brewer or C.J. Watson, but before they make a final decision on Kyle Korver’s option, they are exploring all their avenues.

As of right now the Bulls have no decision on Korver like they do on Watson and Brewer. Ironically, both Watson and Brewer were let go to save money and to stay under the luxury tax threshold. But the guy they may very well bring back is the most expensive of the three contracts.

With the signing of Kirk Hinrich, the Bulls will have $67.3 million tied up in nine players on roster leaving three open roster spots. Bringing Korver back would fill a shooting need but would put the Bulls over the tax.

But any way you slice and dice the offseason, the Bulls are going to go over the tax for the first time in franchise history. This isn’t a bad thing to anyone except Jerry Reinsdorf. But the question then becomes, if you’re going to go over how far over are you wiling to go?

But when it comes to Korver, the Bulls seem willing to go over for him but they want to see if they can dump his contract in a sign-and-trade first. There is no certainty with Korver so the chances he’s returning is the same as him being cut. But the Bulls — as cheap as they are– still would like something back in return for Korver.

But don’t expect much.

The whole point of letting Korver walk would be to save money. That means if Korver is dealt it would be for draft picks, a trade exception or better yet: cash.

Both the Chicago Tribune and Chicago Sun-Times reported that Korver is being shopped in sign and trade deals with the Sun-Times naming the Wolves and Hawks as partners.

Of the three exiting contracts, Korver’s was always the most likely to see activity in the retainment department. But if the Timberwolves, Hawks, Jazz or any other team wants to offer get involved in a sign-and-trade, the Bulls will listen — and they apparently are.

Chicago has until Sunday to make a final decision on Korver’s contract. They have notified him one will be made prior to that deadline.

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