The Bulls are not looking to sign Carlos Arroyo.

Rumors swirled over the weekend that Chicago was looking to sign Arroyo, but the Daily Herald reports that no such plan was ever discussed.

The Herald points out that the Bulls have Kirk Hinrich, Jannero Pargo and Lindsey Hunter to backup starting point guard Derrick Rose.

In addition, Chicago is very close to the luxury tax threshold.

Due to a huge increase in interest, Michael Jordan?s induction ceremony into the Basketball Hall of Fame will be moved from the Hall?s 1,200-capacity Center Court room to Springfield Symphony Hall, with seating for 2,611.

Hall president John Doleva believes the bigger venue could be used in future years, as more high-profile players are inducted. ?No question, people see this as a special class,?? Doleva said. ?This is the next step in the evolution of the Hall. In this era of Hall inductions, so many recognizable names will be eligible and enshrined. You are eligible five years after retiring. In the ?60s and ?70s, we had Wilt Chamberlain and Bill Russell, Oscar Robertson, and Bob Cousy. Then, Larry Bird and Julius Erving and Magic Johnson took it to another level, and then Michael Jordan. You had so many recognizable names in the ?90s.??

Carlos Arroyo is rumored to be ready to return to the NBA, and the Bulls have been mentioned as a possible destination.

El Nuevo Dia, a newspaper out of Puerto Rico, reported on Saturday that Arroyo was close to signing a one-year deal with Chicago.

Derrick Rose was asked to describe his expectations for the 2009-10 season and he revealed his lofty hopes.

"To be the best player in the league at my position, and hopefully be the best player in the NBA," said Rose. "There's no point of playing basketball if you don't want to be the best -- or doing anything if you don't want to be the best. So that's my goal for next season."

Aaron Gray still hasn't signed his one-year qualifying offer with the Bulls, but the team still expects him to be their 13th man.

The Daily Herald speculates that Gray and his agent might be looking for a two-year guaranteed contract on the free agent market.

Gray, a center with two years of experience under his belt, has career averages of 3.9 points and 3.3 rebounds.

2K Sports announced that Derrick Rose will be featured as the spokesman for NBA 2K10: Draft Combine, a download-only title that will provide fans with a pre-season basketball experience leading up to the fall launch of NBA 2K10.

"It's a great feeling to partner with 2K Sports and represent the greatest basketball franchise on the planet," said Rose, point guard for the Chicago Bulls. "I look forward to providing my insights of what that first year in the league is really like, and what it takes to stay on top of your game. This season, NBA 2K10: Draft Combine will be a place where fans can experience the life of a player trying to make it to the NBA. The drills are challenging, and the group scrimmages are always extremely competitive with everyone looking to improve their draft stock as well. It's as real as it gets."

Dwyane Wade has sparked speculation that he could leave the Heat for the Bulls by buying a townhouse in Chicago.

If Wade doesn't sign an extension with Miami, he will become a free agent next summer.

Wade purchased a $1.4 million townhouse Kinzie Park recently, according to ChicagoMag.com's real estate blog.

Bulls point guard Derrick Rose has denied any wrongdoing in an SAT scandal at the University of Memphis.

"That didn't bother me at all, I know didn't do anything wrong," Rose told ESPN.com of the allegations. "That was up to Memphis what they had to do.

"Coach [John Calipari] told me, 'Don't worry about it.' I definitely wasn't worried about it. I was still working out, so I just let [the scandal] pass."

Derrick Rose commented on Chicago's loss of Ben Gordon during an interview on Thursday.

"We're gonna miss him a lot," Rose said. "He took a lot of pressure off me last year, but we'll have to see this year."

Gordon signed with the Detroit Pistons.

"I guess they're looking to the future," Rose said of management. "Ben is a great player, one of the best players I've ever played with, a good guy. It was a business move, him going to Detroit.

"Our rookies that came in [James Johnson and Taj Gibson], I'm hearing good stuff about them working out hard. I played against Taj in college and he's a good player. James is a good player. We should be alright."

The Basketball Hall of Fame has opened up a Michael Jordan exhibit.

Jordan will be enshrined into the Hall of Fame, which is located in Springfield, Mass., next month.

The display features items from Jordan's time at North Carolina, his NBA career with the Bulls and Wizards and his run with the 1992 Olympic Dream Team.

Jordan will enter the Hall of Fame on Sept. 11 with former NBA stars David Robinson and John Stockton and coaches Jerry Sloan and C. Vivian Stringer.