Consistent with my thoughts on the season, I see three sorts of trades that make sense and have some likelihood of working out for the Bulls.
1. Trade for a FA target if their team falls apart. That'd be Wade (very unlikely since the Heat look good), James (pretty unlikely, but we're hearing rumblings of unhappiness), or Bosh (They're 3-4, and looking better but not outstanding). This really doesn't need any analysis in basketball terms. The only relevant fact is if one of these guys tells his team he wants to be traded and he wants to come here. Otherwise, a deal like this ain't getting done because a team won't trade a superstar unless he is holding a gun to their head.
Still, this is the sort of deal in which I'd consider trading Luol Deng and/or, since we'd both get an upgrade in talent and offset most of the salary of the incoming star. That would allow us to, potentially, add that star (say Bosh) and then go out and make a pitch to a guy like James that he could and should come join up with a Rose, Bosh, Noah trio.
Example: Deng, Tyrus, JJ, Pick for Bosh. That, I think, still leaves us with enough cap space to make a realistic pitch for Lebron or Wade. Dynasty baby.
2. Trade for a player that combines short-run help and an expiring contract. The goal here is to clear additional cap room (by offloading Salmons and maybe punting on our "Tyrus Problem") and getting back a guy who is obviously better than those guys.
Example: Trade James/Salmons/Tyrus for Tmac and change. I'd be willing to throw in James Johnson too.
Another idea would be the much mentioned Boozer for Jerome James + Salmons/Tyrus idea. I'm a little iffier on that since I think we're weaker on the wings than up front (who'd replace Salmons in the backcourt?), but it'd probably be an upgrade.
3. Trade Trade for a younger player on a rookie deal we can afford to keep without giving up on FA dreams. And oh yeah, the youngster needs to really be able to play. Tyrus, who we can't afford to re-sign, would be the obvious bait, but if we found a team willing to take on salary next year too, that would be ideal (That is, Salmons or Kirk, perhaps).
Example: I think the early returns on James Harden are looking pretty good, but I don't see that the Thunder have immediate plans for him, and they look like the stereotypical team that is just a veteran or two away. Kirk + Tyrus for James Harden, Sean Livingston and Etan Thomas works in the trade machine. I think this would be a calculated risk, because we remove a veteran at a time we need to make a playoff push, but I strongly believe Harden would contribute immediately and we'd cover two others bases. We both create more cap space for next year (Harden will make several million less than Kirk) and we cover our SG position in the long run since it's unlikely we actually fill it in free agency next summer. Similar targets might be Gerald Henderson, Stephen Curry, Brandan Wright, Eric Gordon etc.