If Hinrich signs for what is considered the mini midlevel salary cap exception, the Bulls will have roughly $67.3 million committed to nine players before deciding whether to match Omer Asik's three-year, $24-25 million offer sheet from Houston. This means if they match on Asik, they will entery luxury tax territory---projected to be $70.3 million---for the first time in franchise history.
Remains to be seen. Reinsdorf is on record saying he will only pay the tax for a title contender. Up until last year, the Bulls were never anything close to a title contender. The luxury tax was irrelevant last year b/c they already had the whole team on existing contracts. And with Rose recovering from ACL surgery, they are by definition not a contender for the upcoming season.Which means they are not matching Asik. Reinsdorf does not pay the tax.