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Per Adrian Wojnarowski:

As the Chicago Bulls prepare to trade forward Tyrus Thomas before Thursday's deadline, the franchise's front office has suggested to prospective bidders that they have a solid offer of a middling first-round pick and expiring contracts, league sources told Yahoo! Sports.

The Denver Nuggets and Houston Rockets made bids for Thomas over the weekend, league sources said.

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Nevertheless, here are two developments to watch with Thomas: Several league executives suggested the Minnesota Timberwolves could be a sleeper for him. Minnesota general manager David Kahn has been researching Thomas and has plenty of assets - three 2010 first-round picks, multiple second-rounders and a host of expiring contracts - to make it happen. Once the Timberwolves trade Al Jefferson this summer, they can re-sign Thomas and plug him into the frontline with Kevin Love. Jefferson is expected to be traded for a talented, young small forward.

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Here's something else to watch: The Portland Trail Blazers were telling teams over the weekend they had a chance to acquire Los Angeles Lakers guard Sasha Vujacic and wondered whether teams might have an interest in obtaining him. This prompted several executives to suggest the Blazers were working on a three-team trade, including one Eastern Conference general manager who had been told the elements of the package included Thomas and Vujacic to Portland, the Bulls' Kirk Hinrich to Los Angeles and the Lakers' Adam Morrison, another expiring deal and a first-round pick to the Bulls.
Thonus speculation:

Bulls trade Tyrus / Hinrich and recieve 1st, Outlaw, Blake, and Morrison [masterful trade for them, given that they replace Hinrich/Tyrus with similar types of players, shed salary, and get a 1st rounder].
 

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That would be a really great trade. Our defense takes a big hit for the remainder of this year, but we definitely get solid replacements on the offensive side (maybe even improved shooting).

Hope something like that goes down!
 

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The drawback to the trade is Vujacic to Portland. Portland doesnt want his 5.5 million dollar contract next year.
 

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Lakers still trying to get Hinrich.

http://bleacherreport.com/articles/346344-nba-trade-rumors-lakers-blazers-bulls-deal-collapses-minnesota-in-play

Should Minnesota be willing to facilitate a trade, the parameters, as proposed by Lakers management, would be as followed: The Los Angeles Lakers would receive guard Kirk Hinrich, the Minnesota Timberwolves would receive forward Tyrus Thomas and guard Sasha Vujacic, and the Chicago Bulls would receive the expiring contracts of Adam Morrison, Brian Cardinal, and Sasha Pavlovic, as well as draft considerations.
 

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