The Chicago Bulls will be focusing on two areas in free agency: the frontcourt and the guard position. The former will likely get most of the publicity with the seemingly imminent departure of center Omer Asik to the Houston Rockets, but with Derrick Rose out for most of the year, the latter is just as important.
If the Bulls pass on matching Asik's deal, they may be able to pick up their one-year option on point guard C.J. Watson, who would take over for Rose in the interim. But the Bulls are also exploring other options, and one of their main targets appears to be ex-Bull Kirk Hinrich. According to CSN (via Blog a Bull) the Bulls have offered Hinrich a contract that is above the veteran's minimum but below the "mini" mid-level exception.
Blog a Bull reports that the minimum for a player with Hinrich's experience is $1.23 million, while the "mini" mid-level is $3 million. A salary in that range is reportedly below Hinrich's desired price, but there may be a feeling in Chicago's front office that he'll return to the Bulls at a discount.
If the Bulls can't land Hinrich, CSN also reported that the Bulls may look at Willie Green. Green isn't special in any area, but he would be a cheap veteran.