We received official word via bucket of cold water shortly after 2pm:

K.C Johnson @KCJHoop

Bulls have no deals in waiting as trade deadline passes. Was told they talked to Nuggets about Hamilton but nothing doing.

There were no real updates on the Bulls situation throughout trade deadline day. Clearly there was an intention to try and trade Rip Hamilton to get under the luxury tax, but early word came from Adrian Wojnarowski that the Bulls were not willing to include a first-round pick to do so.

So that's good. The Bulls did not part with any assets just to avoid the luxury tax. And thus for the first time in the history of that provision, they will be a taxpayer. The financial dynasty is over.