Paxson said he has had no discussions with the Lakers and a deal would be difficult to complete.

"What we would have to give up -- unless that franchise would ever have a change of heart and had to do something -- I don't know how that would work," he said. "They've got one of the top, maybe the top, talents in the league. What we would have to do to get there, I don't even know what it would be. It would be significant. And then, are we better?"

Bryant has waffled this offseason, saying he wants to be dealt and then rescinding those comments. Although he has a no-trade clause, The Riverside (Calif.) Press-Enterprise reported the Bulls are on his three-team wish list.

Paxson is reluctant to gut a young, but experienced, team that has made three straight playoff appearances and reached the second round for the first time since 1998.

"There's nothing going on -- that's just the reality of it," Paxson said.