Paxson may resign

The New York Post's Peter Vecsey is quoting sources as saying John Paxson will resign soon after Thursday's trading deadline, although Vecsey points out he does not know this as fact.

Efforts to reach Paxson this morning so far have been unsuccessful.

Vecsey says assistant general manager Gar Foreman would take over as GM for the remainder of the season, and that Doug Collins could be approached at some point and be offered the GM job and/or the head coaching job.

Bulls chairman Jerry Reinsdorf recently absolved Paxson of all blame for this season's struggles. Reinsdorf praised Paxson as a human being, although he did say he worried about his GM because Paxson takes his job so seriously.

Reinsdorf didn't have anything good to say about rookie coach Vinny Del Negro, although the Bulls have played much better since Reinsdorf spoke out.

Vecsey also reported that the Bulls are considering trades involving Amare Stoudemire, Jermaine O'Neal, Zach Randolph and Chris Kamen.