The Bulls did look into bolstering their shooting guard position, but they weren't willing to part with either of their post players.
Chicago traded James Johnson to the Toronto Raptors on Wednesday, creating flexibility that could have facilitated a move. O.J. Mayo, Anthony Parker and Courtney Lee were names being mentioned as possibilities, but Bulls executive vice president John Paxson said recently they wouldn't make a move that compromised team chemistry.
"We've made huge strides this year, and we still think our best basketball is yet to come," Paxson said Friday on "The Waddle & Silvy Show" on ESPN 1000.
However, the Bulls "aggressively pursued" Mayo, according to a Chicago Tribune report citing multiple league sources. The Bulls offered guard Ronnie Brewer along with two first-round picks and one second-round pick to the Grizzlies but were rebuffed, according to the report.
The Bulls, who will keep an eye on players who are bought out, are the No. 3 seed in the Eastern Conference.
"We're always trying to improve the team and we're always looking at all of the options that are out there," Bulls general manager Gar Forman said Thursday. "But at the same time, in my mind, we don't want to hit a single or a double. We want to try to hit a home run.
"And I feel -- and I think we feel -- that we're probably as well positioned as anybody of the good teams in the East to make improvements for our team over the next year, two years or three years. There's going to be opportunities there to hopefully hit the home run."
The Boston Celtics, who are tied with the Miami Heat atop the East standings, made two moves. The Celtics agreed to ship center Kendrick Perkins and guard Nate Robinson to the Oklahoma City Thunder for forward Jeff Green and Nenad Krstic.