One of the reportedly more prioritized targets of the Bulls, Caron Butler, is off the table. Signed a 3yr, $24m contract with the Clippers, per David Aldridge. You'll note it's a figure that's bigger than the MLE, so the Bulls were literally outbid on this, not out-recruited. If that makes you feel better.
Lots of other signings going on today, on the eve of when signings can be official. I said I wouldn't freak until the likes of Butler or Richardson were gone, because those are the high-end UFAs: good enough to matter, and attainable as a straight signing without giving up assets. So one of those down is a pretty big hit to the Bulls plans.