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What's next for Bulls after Melo?

CHICAGO -- Carmelo Anthony remains the apple of the Chicago Bulls' eye. The organization continues to hope that Anthony turns down the financial security of a max offer, or near-max offer, from the New York Knicks as he makes his final decision on where to play in the coming days. While the Bulls remain confident in the recruiting pitch they gave to Anthony, Bulls officials understood that it was always going to be toughest to convince Anthony to leave New York. The feeling from many within the organization after Tuesday's pitch is that this is a two-team race between the Knicks and the Bulls.

The question, as has been the case all along, remains whether Anthony is willing to leave millions of guaranteed dollars on the table in order to chase a championship in Chicago. With the help of ESPN salary capologist Larry Coon, the Bulls' numbers, in regards to an Anthony deal, stack up this way. If the Bulls keep a preferred core of Derrick Rose, Joakim Noah, Taj Gibson and rookie Doug McDermott intact, they will be able to offer Anthony roughly $17 million next season. What that also means is they'd have to fill up the rest of the roster with a majority of minimum-salary players.

While the Bulls are holding out hope that Anthony decides to join forces with Rose and Noah, the feeling from several sources remains that Anthony will decide to stay with the Knicks. With that in mind, let's take a look at the next few options the Bulls will have if they do indeed miss out on their top target.

1. Make a push for Kevin Love again

The Bulls have kicked the tires on a Love deal with the Minnesota Timberwolves for several years. If they don't land Melo, expect them to make some more calls to Timberwolves coach and president of basketball operations Flip Saunders to see if they can work something out. Since Love wasn't moved before the draft, there's a solid chance that Saunders will try to persuade Love to stay one more time before potentially dealing him before the trade deadline in February.

2. Go for Gasol

The Bulls were scheduled to meet with Pau Gasol on Thursday in Los Angeles as he ponders his own future, according to ESPN.com's Marc Stein and Ramona Shelburne. Having made a little more than $19 million last season, Gasol figures to be in line for a pay cut, but interested teams have to figure out just how much of one he's willing to take. From the Bulls' perspective, Gasol would fill a need as a back-to-the-basket offensive weapon and a solid presence in a tight locker room. According to Coon, if the Bulls amnesty Carlos Boozer and deal away veteran Mike Dunleavy, they would have roughly $13 million in available cap space.

With a number of high-quality teams pitching for Gasol's services -- and the fact that the Lakers can still offer big money -- the Bulls need to make a strong financial offer and tie it around the fact that they are ready to contend for a title right away. Even then, that might not be enough depending on the other offers Gasol figures to get.

3. Bring Nikola Mirotic over

There's been a lot of speculation regarding Mirotic's status in recent days, a fact that hasn't gone unnoticed by the Bulls front office as it tries to figure out its next move. For the moment, Mirotic's status with the Bulls this season is uncertain. The organization had always hoped it could land Mirotic for the midlevel exception, but now, in order to bring him over, it'll have to dip into its cap space to make it happen. Is Mirotic worth $7 million to $8 million per year? How much of an impact would he be able to have during his first season in the NBA? The Bulls remain high on Mirotic, but the idea that his addition would put the Bulls that much closer to a championship in his first season in the league is far-fetched at best.

4. Worst-case scenario

If the Bulls fail in Options 1-3, the frustration of the fan base will permeate throughout every aspect of the organization. Assuming they don't find any takers for a Boozer sign-and-trade, the Bulls could still amnesty the final year of his deal and move Dunleavy -- but what would they do with the $13 million left in cap space?

Lance Stephenson appears to be a last-ditch possibility. I don't believe he would work well in coach Tom Thibodeau's locker room, but he has the type of talent that could continue to blossom in the right situation. The Bulls will keep tabs on Chandler Parsons, a good friend of Noah's, but it's hard to believe the Rockets will let him walk as a restricted free agent -- especially if they don't land Anthony or LeBron James.

The Bulls' biggest problem is the same one it faced as free agency began: There are some solid names and possibilities on this list, but if it doesn't land Anthony or Love, the organization can't feel confident in the notion that it would start the upcoming season as a legitimate title contender.