The Bulls’ books are clean, even with the projected returns of LaVine and Nwaba. They have the luxury of operating either within their cap space, which could get to $25 million if Paul Zipser and Sean Kilpatrick are waived as expected, or as an over-the-cap team able to use exceptions. They own trade exceptions of $8.9 million and $1.4 million from the Nikola Mirotic and Jameer Nelson trades, respectively, as well as the midlevel and biannual exceptions.