According to an ESPN.com report, the Chicago Bulls are interested in working a trade that would send Carlos Boozer to Toronto in exchange for former first-round pick Andrea Bargnani.
Other players would need to be involved in the deal in order to accommodate both teams’ salary cap requirements and get closer to a formal trade.
The report said the Raptors may encounter a challenge when trying to fit both Gay and Boozer on their payroll. The power forward’s addition would push Toronto past the luxury tax line, a situation some believe would nix the trade.
The 31-year-old Boozer is owed around $32 million US over the next two years, plus the rest of his salary for the current season ($15 million), an amount of money the Raptors may not be in condition to absorb.
However, Raptors president Brian Colangelo told reporters after the Gay trade that he was ready to enter luxury-tax territory for the "right transaction."
Boozer, who was a candidate for amnesty release at the end of the season, is averaging 15.7 points and 9.6 rebounds in 45 games with Chicago.
The 27-year-old Bargnani returned to the Raptors lineup Wednesday after missing 26 games due to an elbow injury. The forward/centre has struggled this season, averaging 15.9 points, 4.3 rebounds and 1.4 assists in 22 games with Toronto.