Over the weekend, reports surfaced that Luol Deng and/or Joakim Noah could be moved for a cap exception (basically, to a team under the cap to absorb the deal) and a draft pick.
Later, another report from an odd source (London's Telegraph, who's following Deng's Team Great Britain's training camp) had the Bulls already talking pieces with the Warriors, specifically Deng+#29 for the Warriors' Andris Biedrins, Dorrell Wright, and #7.
Woj at Yahoo has reported since that the Bulls have told Deng a Warriors deal for him isn't happening.
While a part of this rumor made sense in that Bulls would be getting a top-10 pick, the unappetizing bit of taking on Biedrins remaining $18m over two seasons is a necessity to have the salaries match for a trade. And goes against the earlier report that the Bulls are looking to shed '12-'13 payroll, not add to it. The Warriors are over the cap, and the Bulls need someone under like the Kings (who own the #5 pick) or Raptors (#8) to make a Deng deal where they don't have to take back nearly-equal salary.
Lest anyone forget a Deng deal is to
save cash add flexibility:
Rose's injury has made Bulls consider things they otherwise wouldn't have. But trading Deng and taking back $ isn't one of them. So GS no go— K.C Johnson (@KCJHoop) June 25, 2012
Remember something about any deal regarding a Bulls' player in next few weeks. Gar and Co. want to subtract $ not add more to payroll.— Nick Friedell (@ESPNChiBulls) June 25, 2012
So, just a reminder to keep that in mind when trying to figure out ways for the Bulls to get better this offseason...that's it's not really a top goal for the Bulls to get better this offseason.