According to Marc Stein of ESPN and KC Johnson of the Chicago Tribune, the Chicago Bulls and Toronto Raptors are currently exploring a trade that would send Carlos Boozer to Toronto for former number one overall pick, Andrea Bargnani. The trade talks are currently not active but may be started again with the inclusion of also swapping Nate Robinson for former Bulls guard John Lucas III. According to Johnson, the talks were started by Chicago. The Raptors are reportedly not very interested in taking on Carlos Boozer's contract.
The trade seems to be motivated almost entirely by financial reasons. With Boozer's contract the Bulls are currently above the luxury tax threshold. Bargnani is currently owed $10 million for this season, $11 million for the 2013-2014 season, and $12 million for the 2014-2015 season. The trade would clear $5 million off of the books for the Bulls thus giving them some wiggle room this offseason and would keep them under the tax threshold in the future.
The move, however, does not come without consequence. By trading for Bargnani, the Bulls effectively take out any 2014 plan that has been brought up by ESPN writers such as Nick Friedell. The Bulls would also lose some of their presence on the glass by losing Boozer in favor of Bargnani. This effectively takes away one of Chicago's biggest advantages over many teams in the NBA.
We'll keep you posted as anything develops on this potential trade.
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