Thanks BOBO for the clarification. So I spent about an hour working up another trade scenario. Sorry for hijacking the thread. I figure I might as well just post it here.

Tell me what you guys think.
Lakers send: Gasol, Blake, 2012 60th pick
Receive: Lowry, Gibson, Hamilton, Butler
Rockets send: Lowry, Martin, 2012 16th pick, Patterson
Receive: Gasol, Blake, Bulls 2012 29th pick, Lakers 2012 60th pick
Bulls send: Gibson, Hamilton, 2012 29th pick, Butler
Receive: Martin, 2012 Rockets 16th pick, Patterson
Bulls:
PG: Rose/Watson/Lucas
SG: Martin/Brewer
SF: Deng/Korver
PF: Boozer/Patterson
C: Noah/Asik
Rockets:
PG: Dragic/Blake
SG: Lee/Williams
SF: Parsons/Budinger
PF: Scola/Camby
C: Gasol/Dalembert
Lakers (sign Odom with mini MLE, Barnes, Hinrich, Rasheed Wallace with veteran's minimums, waive Eyenga and Butler):
PG: Lowry/Sessions/Hinrich
SG: Bryant/Hamilton/Goudelock
SF: MWP/Ebanks/Barnes
PF: Gibson/Odom/McRoberts
C: Bynum/Hill/Wallace