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Bulls offer for Love starts with Gibson, picks

Forward Taj Gibson and guard Tony Snell, former first-round picks of the Chicago Bulls, are part of the team's offer to the Minnesota Timberwolves for All-Star Kevin Love.

According to reports, the Bulls would also include their pair of first-round picks in Thursday's draft -- 16th and 19th overall.

To sign Love to a long-term extension and complete the transaction, Chicago would need to use the amnesty provision in the latest Collective Bargaining Agreement to terminate the contract of Carlos Boozer from the 2014-15 salary cap.

Love could stay in Minnesota until the All-Star break or beyond. The team holds his team option for 2014-15 and while Love said he wants to play for a contender, the Timberwolves are under no obligation to part with him at this juncture. It's possible after talks broke down with the Golden State Warriors -- who were willing to include shooting guard Klay Thompson -- that the Timberwolves will hold onto Love and wait for a more desirable offer.

It's also possible that deal will never arrive.

Denver contacted the Timberwolves last week hoping to entice them with forward Kenneth Faried and draft picks.

Another team prominent in the talks with the Wolves is the Boston Celtics. General manager Danny Ainge has two first-round picks and young assets including 2013 first-round pick Kelly Olynyk and former first-rounder Jared Sullinger.