Day: February 22, 2006

Wayne will stay a Colt

The Indianapolis Colts have come to terms with WR Reggie Wayne.

The extension, which is expected to be officially executed later this week, could be worth nearly $40 million and includes bonuses totaling $13 million-$14 million.

Securing Wayne means that Indianapolis still has the franchise marker available, and could use it to keep tailback Edgerrin James, who is eligible for unrestricted free agency. It is unlikely, however, given the cap ramifications, that Indianapolis will tag James for a second year in a row. At the Pro Bowl last week, the veteran tailback indicated to ESPN.com that he is prepared to play elsewhere in 2006.

Wayne over Edge? Man, RBs in the NFL aren’t nearly as valuable as they are in my fantasy league.

Francis trade complete

The trade has been finalized.

New York Knickerbockers President of Basketball Operations Isiah Thomas announced today that three-time NBA All-Star guard Steve Francis has been acquired from the Orlando Magic in exchange for guard/forward Anfernee Hardaway and forward Trevor Ariza.

I don’t know much about Ariza, but it looks like this is a salary dump from Orlando’s perspective. The original rumor had Jamal Crawford and Mo Taylor heading to the Magic.

Stephon Marbury and Steve Francis in the same backcourt. Now this should be interesting.

Brees headed to Miami?

There’s a good chance that QB Drew Brees won’t be a Charger next season. Brees and the franchise have had trouble reaching an agreement on a new contract, mainly due to Brees’ injured shoulder.

The Chargers don’t want to name Brees as their transition player because that would guarantee his salary for 2006, and the team is not sure he’ll be ready to play.

Brees underwent surgery last month and is expected to begin throwing in May. But whether he is at full strength by the Chargers’ July training camp isn’t known.

Brees and the Chargers are talking about a multiyear pact. But so far, no agreement has been reached and on March 3, Brees can negotiate with any team.

The Dolphins are expected to make a strong run at Brees if he hits free agency.

Knicks look to acquire Francis

The New York Times is reporting that the Knicks are close to finalizing a trade that would bring Orlando guard Steve Francis to New York.

The current proposal, according to the source, would send guard Jamal Crawford, forward Maurice Taylor and possibly the swingman Trevor Ariza to Orlando. The Knicks would obtain Francis and forward Pat Garrity.

Francis and the Magic have been on the outs since the team suspended the guard for two games last month for refusing to enter a game. Francis later apologized, but since the incident several teams have inquired about his availability.

This is really a Crawford for Francis swap, and the Knicks would be getting the better end of the deal talent-wise. Whether a Stephon Marbury/Francis backcourt would work better than a Marbury/Crawford backcourt is uncertain. Marbury and Francis are two of the most talented guards in the league, though I’m not sure I’d want either guy on my squad. I prefer Francis to Marbury, but both are shot happy and it is unclear that the two could co-exist successfully in the league’s biggest, most intense market. One possibility is that this is a precursor to a second deal that would send Marbury out of town.