The 2014 NBA offseason will be crucial for the Bulls.
Will Chicago land a star in New York Knicks small forward Carmelo Anthony or Minnesota Timberwolves power forward Kevin Love?
Or will the Bulls strike out in their attempt to acquire a marquee player à la 2010 when they missed out on LeBron James, Dwyane Wade and Chris Bosh.
The Bulls only have eight players on their roster with guaranteed contracts for next season: Derrick Rose, Joakim Noah, Carlos Boozer, Taj Gibson, Jimmy Butler, Mike Dunleavy, Tony Snell and Greg Smith. All eight players would put Chicago's team salary at $63,402,653. However, if Boozer is amnestied or traded — as expected — the Bulls will have up to $11.3 million to spend in free agency.
Chicago also has to decide what to do with their current crop of unrestricted free agents in Kirk Hinrich, Nazr Mohammed, D.J. Augustin and Jimmer Fredette.
Outside of acquiring a star to pair with Rose and Noah, the Bulls have to decide what to do with European forward Nikola Mirotic. The 23-year-old has a $3.4 buyout with Read Madrid, and is expected to cost near the mid-level exception which would be a $5 million annual salary.
With free agency and the draft right around the corner, Tuesday's panel of SportsTalk Live talked about the Bulls' chances of acquiring a third star.
"They want Carmelo and still believe he's option A," ESPNChicago.com Bulls beat writer Nick Friedell said. "They would love to add Kevin Love if they could work out a deal and they've been kicking the tires on it for over two years now. Gar [Forman] and Pax [John Paxson] and the front office will work on this throughout. But in the end, I don't think either of those guys are going to end up in Chicago."
Check out the complete discussion in the video above.