HoopsHype Trade rumors

July 23, 2014 Updates

Joe Cowley: McDermott signing would hold deal back from being official for 30 days, but could agree in principle. If Forman and Bulls would have been all in on Tuesday for Love, they wouldn't have had McDermott sign. It's a Wed morning decision made. Twitter @suntimes_hoops

Joe Cowley: Per source: Forman put a deadline on TWolves response so that there isn't this back-and-forth playing the Cavs and Bulls against each other. If this is going down it could be going down quicker than expected. Twitter @suntimes_hoops

Gibson said he talked to his agent on Tuesday and that his agent didn't talk to him about anything specific or imminent. Multiple outlets, including the Tribune, have reported that the Bulls have re-entered the trade talks for Love after putting those on the backburner to chase Carmelo Anthony in free agency but that the Cavaliers are in the lead to acquire Love. Chicago Tribune

"Without a doubt (I want to be here). I’m a nonchalant kind of guy. I let my game speak for myself. But this place has been home for me, a lot of good times. I’m looking forward to the future but have to see what happens." Chicago Tribune

The Timberwolves have been steadfast in their stance when entertaining trade offers. They know what they want and are unwilling to part with Love right now unless they get what they want in return. Minnesota has made it clear that any trade talks with Cleveland for Love include Wiggins. The Cavs were reluctant to include Wiggins in a deal but realize the only way to get Love is to trade Wiggins to Minnesota. Wiggins has not signed his rookie deal with Cleveland yet, and once he does, he cannot be traded for 30 days. If Wiggins signs soon, the Love-to-Cleveland sage could drag on for at least the next month. USA Today Sports

Jake Fischer: I've never heard Sixers have truly been interested in Dion Waiters & swapping Thad's professionalism for a gunner doesn't seem like Hinkie. Twitter @JakeLFischer

The Chicago Bulls have offered a package of Taj Gibson and rookies Doug McDermott and Nikola Mirotic to the Minnesota Timberwolves in exchange for Kevin Love, a league source told SheridanHoops.com on Wednesday. The package is extremely intriguing to the Timberwolves, but there is a catch — it cannot be completed for another 29 days after McDermott and Mirotic signed their rookie contracts Tuesday. NBA rules prohibit rookies from being traded within the first 30 days after they sign. SheridanHoops

"When a deal like this takes a long time, there are going to be more ants circling the picnic," one front-office source told Sporting News. "This is not likely to be a one-to-one trade." Sporting News

Sources told Sporting News that Philadelphia and Denver, again, are interested in participating in whatever deal happens for Love. Denver has interest in acquiring Love themselves, while the Sixers would like to facilitate a trade by including forward Thaddeus Young. Sporting News

On top of all that, there are league-wide whispers of a third team perhaps getting involved in a potential Cavs-Wolves deal, whispers of the 76ers possessing a strong interest in Cavs guard Dion Waiters, whispers of another major transaction on the way. Yeah. Unreal. FoxSports.com

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