There is a possible three-team trade brewing…

Sources stressed to ESPN.com that no deal was imminent Thursday and that both Portland and Utah are still evaluating multiple trade scenarios. But two sources with knowledge of the three-team proposal confirmed that there have been substantive talks regarding a trade that would land Boozer in Chicago, Hinrich in Portland and Tyrus Thomas in Utah.

A deal featuring those main components would deliver the elite low-post scorer that the Bulls have been chasing for years in Boozer and furnish Portland with a lead guard in Hinrich that the Blazers are known to rate highly as a potential backcourt mate for Brandon Roy. It’s possible that other players would be added to balance out the transaction from a salary-cap perspective if the three teams elect to take these talks further.

It’s not clear whom the Blazers would have to give up to land Hinrich, but they have cap space so they have some flexibility with regard to how the salaries match up. For the Bulls, this looks like a decent deal depending on whether or not anyone comes over with Boozer. Hinrich and Thomas for Boozer sounds about right.

The Jazz would like to move Boozer, but want to get something in return, and in this case that’s the up-and-coming Thomas. He’s more of a face up forward, so his game should compliment Paul Millsap’s pretty well.

As for the Blazers, they’ve long been rumored to be interested in Hinrich, who can initiate the offense and is a good enough shooter to create space for Brandon Roy and LaMarcus Aldridge. More importantly, he’s a pesky defender that can cover the other team’s best guard, allowing Roy to get a breather on defense. The Blazers need a point but they don’t really want to go too young at the position. They need veteran leadership and Hinrich fits the bill.