[Well, Sweetney's qualifying offer may not even exist, according to RealGM. Rasberries]

Yeah, not much going on lately. But I've been thinking about that last roster spot and wondering what exactly is happening with Mike Sweetney. While whoever is in that spot may not be useful anyway, is it possible that Sweets and his qualifying offer can provide value even if he just sits on the bench and eats whole icecream cakes the entire season?

(I actually think he could be useful, but he's been in Skiles' doghouse for so long he likely made it his billing address. And the Bulls like their bigs to move and flop around, so it's just not a good fit. If he does get let go I'll write a more fitting obit)

The news on Sweetney has been sparse all offseason. He's been mentioned on a couple blogs, and the last Bulls related reference was from Paul Ledewski of the Southtown:

So what does that exactly mean?

I've read no news that the qualifying offer has been pulled, so I'm guessing the waiting game is still out there to see if Sweets gets an offer sheet anywhere.

But maybe it'd be the best for both sides to just accept the qualifying offer. Sweetney gets a nice payday (hoopshype says the qualifying offer is for $3,654,375), and that salary now also becomes a coveted expiring contract to trade midseason.

...sort of:

So it's not like a typical expiring deal, clearly. But the trade consent and waiving of Bird rights may not be that difficult given a player of Sweetney's stature, as it's not likely he'd make more than the MLE anyway in a future deal.

The contract may come in handy, since the Bulls already used their MLE on Joe Smith, this is their best way to get another big contract. Then between Sweetney, Duhon, and Khryapa, that'd  be over $8.8m in expiring money to add to a prospect (or better, if the Bulls are going after a big fish) for a midseason deal.

It's an idea, anyway. I suppose it borders on cap circumvention, but if the player signs the deal then everyone should seemingly be happy. Deals and signings are made for cap reasons all the time so this isn't much different. But it reminds me of the idea floated by Bill Simmons (among others) that the Bulls should've tried to 'roll over' PJ Brown's expiring contract so they had another big trading peace for this offseason. Like, say, a deal last year sending PJ for Kurt Thomas (who makes similar money although he was signed for this coming season). Sure, it makes sense, but then the implication that you're trading for a guy with the clear intention to deal him a season later....just seems odd. But that's they way the NBA is these days, an era where lonely bloggers can look up Salary Cap rules and dream up situations where Mike Sweetney gets paid.

(for more of my cap ruminations, I had some fun at Celticsblog on Thursday as well)