Bulls won't match Asik; Brewer joins NY

Bulls won't match Asik; Brewer joins NY

Posted by mikemcgraw on Tue, 07/24/2012 - 11:45
The ex-Bulls continue to find new homes. Ronnie Brewer agreed to terms with the New York Knicks on Tuesday, which should provide a nice balance with C.J. Watson and Keith Bogans playing for the Brooklyn Nets. Meanwhile, bulls.com reported that the team has told Omer Asik’s representatives they won’t match the offer sheet from the Rockets. Not matching Asik’s three-year, $25.1 million offer sheet became a foregone conclusion in the past few days as veteran center Nazr Mohammed agreed to sign with the Bulls, and the team used the bi-annual exception of $1.9 million on former Hornets shooting guard Marco Belinelli. Teams can use both the mid-level and bi-annual exceptions only if they’re below the “apron” of $4 million above the luxury tax threshold. The tax kicks in when a team’s payroll reaches $70.3 million. With the 12 players the Bulls have lined up, they’re at about $71.82 million. So the Bulls will pay the luxury tax this season and can’t spend more than $2.5 million to finish out the roster. As it stands today, the 2012-13 roster includes Derrick Rose, Luol Deng, Carlos Boozer, Joakim Noah, Rip Hamilton, Taj Gibson, Jimmy Butler, Marquis Teague, Kirk Hinrich, Vladimir Radmanovich, Mohammed and Belinelli. That’s a pretty good group, but can they stay healthy and play better than .500 while Rose recovers from ACL surgery? In case you missed it, guard John Lucas III agreed to terms with the Raptors, so he won’t be back, either.
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