The negotiating window for NBA free agents is fast approaching, but the Chicago Bulls have a few housekeeping items to address before it opens.

Of particular intrigue: Sunday, Aug. 1 — the day before free agency officially begins — marks the last day for the front office to decide whether or not to fully guarantee the 2021-22 salaries of Thad Young ($14.2 million) and Tomáš Satoranský ($10 million). Should the team waive Young, they would owe him only $6 million for next season, clearing a little over $8 million off of their books; should they waive Satoranský, they'd owe him $5 million, clearing $5 million in the process.

Both decisions will offer harbingers for how the Bulls plan to approach free agency. Arturas Karnišovas and Co. will have the ability to be cap-space players if they so choose, but would need to renounce some or all of the team's current free agents, potentially waive one or both of Young or Satoranský, and possibly cut ties with Ryan Arcidiacono (who has a $3 million team option for 2021-22) and/or Al-Farouq Aminu (whose $10.2 million salary can be waived and stretched) to get significantly under the salary cap line.

There's also, of course, the possibility of trades. As a part of ESPN's Woj & Lowe free agency show, which aired Sunday, Adrian Wojnarowski pinpointed Satoranský as someone generating "a lot of interest" around the league, specifically from contending clubs.