Timberwolves trade:
Antoine Walker
#3 pick
Kirk Snyder
Wayne Simien
Bulls trade:
Kirk Hinrich
Joakim Noah
Why I'd make this trade for the T=wolves:
You know what you're going to get in Kirk Hinrich and Joakim Noah. In Hinrich you're going to get a hard nosed point guard that can play some defense and as little ago as last season was considered a premier point in this league. He's coming off of a bad year but you don't lose your shot and defensive tenacity at age 26, and the Wolves are in desparate need of some backbone and vet presence right now.
Joakim Noah is a little more of an unknown. He's a bit hard to project as a player but this much is known about the kid: He hates to lose, he's got an unflappable motor and he's got big game experience. He's not going to tolerate losing by this fledgling team and that alone would justify his value in this trade. He's also a got the length and desire on defense to play a role much like Marcus Camby's in Denver as a rebounder and help side defender. Also his size will allow Al Jefferson to move over to his natural power forward spot without seeing a huge gaping hole at the 5, which was the case this past season.
Doing this trade for the T-Wolves relies on two things: #1, you don't believe that Randy Foye or Sebastian Telfair can man the point for a competitive NBA team, and you don't believe in or want to take a chance on Brook Lopez, a huge reach at number 3 in my opinion.
Why I make this trade if Im the Bulls:
This trade is not about the players you're getting back, unless you count Wayne Simien as a guy you think can be good (some do, I don't). This trade is about what it enables you to do if you're the Bulls. It allows you to take the kid with the least risk and biggest upside in Derrick Rose. Micheal Beasley is a fantastic player but Rose is just the better prospect. There is not another player like him in the East and between him Deng and Thomas this could be the best transition team since the 2006 Suns. This trade wipes off Hinrich's 5 year contract within 2 years, and creates the spot on the team for Rose.
This trade also brings in the number 3 pick, and with Rose already locked up it allows the team to be a little more creative with this pick. The needs as far as I can see on the Bulls are the 2, 4, and 5. Its funny though because besides the 5 the Bulls have capable starters at the 2 and 4 in Drew Gooden and Larry Hughes, as well as Tyrus Thomas.
The point is after the Rose pick, the Bulls can have whoever they think will be the best player that fits the role they want a 2 4 or 5 to play on their team, it allows them to take a chance which is something Paxson excels at as a GM, and there shouldn't be too much pressure after the first two picks so it allows them to go out and get their guy.
Summary:
If you don't buy that Derrick Rose is a no brainer at #1 then this trade is pointless. But if you do believe that Rose is the guy then its clear that Hinrich has to go. The Bulls have to include Noah too because 11+ million in expiring contracts and the number 3 pick is too much value for Hinrich. The Wolves can address 2 sore needs with 2 low risk players while the Bulls clear a path for their own progress into the future.