You teach at a university but end sentences with prepositions?
I digress.
While I don't think that a Nocioni deal will work out, I think you're wrong to believe that teams will categorically exclude the Spurs from any negotiations.
That's particularly true in this case, since the impetus for a deal to send out Nocioni would be his independent consummation of a deal with the Spurs. It would be in Chicago's best interests at that point to make a deal because: (1) Nocioni is terribly redundant for them; (2) they still have needs of their own -- needs the Spurs might be able to fill; and (3) they would be able to at least get something for Nocioni if the deal is for just a bit above the MLE.
Again, I don't think it will work because I don't foresee the Spurs trying to make that sort of a free agent splash. But I don't think that the impediment to making a deal is the Spurs' status as the champion, again.

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