You know you’re burned out on NBA news and rumors when you decide to write 10 haiku to summarize the NBA Summer of 2010. Off we go (in the English 5-7-5 syllable format)…

Atlanta spends big
to keep twenty-eight year-old
Here comes the remorse

Wade, Bosh, then LeBron
Super Friends in Miami
Much to Dan’s chagrin

No doubt cathartic
Dan Gilbert’s manifesto
only hurts the Cavs

Pat Riley, the pimp
But they have to play the games
There’s still work to do

Missed out on LeBron
But Amare is in town
Waiting for Melo?

Bulls whiff on Wade/Bosh
Sign Boozer to woo the King
They’ll still be better

New owner, Jay-Z
Nets strike out on everyone
How bad is Newark?

Suns, Amare part
Why no trade for David Lee?
Turkoglu, really?

Boozer leaves Utah
Big Al can fill his big shoes
The enigma: Kahn

Cap space and Griffin
The stink of Sterling prevails
Vinny Del Negro!

Now that the top 10 NBA free agents have made up their minds, let’s check in with my list of ‘sure-to-be-wrong’ predictions and see how I fared.

1. Dwyane Wade will re-sign with the Heat.
Check.

2. Chris Bosh will also sign with Miami.
Check.

3. LeBron and Carlos Boozer will sign with Chicago.
I didn’t think that LeBron would join what many consider to be ‘Wade’s Team’ and the Bulls gave him the next-best chance to win a championship, especially if Boozer landed there as well. The Bulls were wise to grab Boozer, who is a very nice fit alongside Joakim Noah.

4. Joe Johnson will sign with the Clippers.
I bought into the report that Johnson was in L.A. leading up to free agency and that he had a good relationship with the Clippers’ GM. The Hawks shocked the league when they offered him a six-year max contract and methinks they’ll be regretting it in 2-3 years. Who would have thought that when everything was said and done, that Joe Johnson would get the biggest contract of this free agent class?

5. Stoudemire will land in the Big Apple.
…”the Knicks will be sure to throw gobs of money to save face after pretty much striking out on the other top free agents.” Yeah, that’s pretty much what happened, though the Knicks were proactive and signed Stoudemire before being shunned by LeBron and Wade. And Amare was happy to lap up the dough after the Suns wanted to negotiate a deal that included incentives related to his health.

6. The Knicks will re-sign David Lee.
Donnie Walsh elected to conserve most of his cap space so that the Knicks can be a player in next summer’s free agency, plus the Lee-for-Randolph trade gives the Knicks a good (and cheap) up-and-coming power forward to replace Lee.

7. The Knicks will trade Eddy Curry for Gilbert Arenas.
This could still happen, but it looks like it won’t, at least not now. The Lee trade signals that the Knicks are going to be careful with their cap space, and trading for Arenas would be a huge risk.

8. The Grizzlies will match a max offer for Rudy Gay.
Technically, this prediction wasn’t correct. The Grizzlies once again raised eyebrows around the league by signing Gay to a max contract without letting the market set his price.

9. Dirk Nowitzki and Paul Pierce re-sign with the Mavs and C’s, respectively.
There were pundits out there that actually thought that Pierce could land with the Nets and that Nowitzki would join LeBron in Chicago, but Boston and Dallas made sure these players stayed put.

Overall, I didn’t do too badly, did I?

There were some rumblings that Johnson might take some time to weigh his options, and possibly take less money to play with a better player, but he has instead decided to take the Hawks’ max offer.

Arn Tellem, Johnson’s agent, said that Johnson was impressed with the team’s commitment to him and agreed to accept the club’s six-year contract offer. He confirmed the post to The Associated Press.

Atlanta offered Johnson, a four-time All-Star, approximately $119 million over six years — nearly $27 million more than any other team could offer.

This reminds me of the Michael Redd signing from a few years back. They knew they were overpaying him at the time, but they still made the deal. A few knee injuries later and the Bucks are biding their time, waiting for the deal to expire.

Johnson is a nice player, but he’s not worth a ‘max’ contract — just look at the way he played against the Magic in the playoffs. He’s 28, so he will be 33 when he enters the final year of this deal. Shooting guards are notorious for aging poorly, so we’ll see how long it takes for the Hawks to regret this contract.

This re-signing is a bit of a surprise. It seemed like Johnson and the Hawks were on the outs, and that the Hawks would be unwilling to overpay him to stay. But that’s exactly what they did in the end.

Sources said Johnson was still considering whether it would be a better career move to play in New York or Chicago, and his ultimate decision would hinge upon which of the top free agents make commitments to those teams.

Johnson’s decision is this — would he rather be the best player on a good-but-not-great Atlanta team or the second- or third-best player on a Finals-caliber team?

Maybe he’s reading the LeBron/Wade tea leaves and realizes that LeBron’s ego may not accept the perception that he needed Wade to win a title. Johnson is the next-best shooting guard on the market, and would be a decent fit alongside LeBron in New York, New Jersey or Chicago.

Writers like to throw around the phrase “leaving $30 million on the table” when referring to home/away max contracts, but that number is misleading. Through the first five years of the deal, the difference is ‘only’ $4 million. It’s that (extra) sixth year that makes up most of the difference in the total value of the contract, but players would presumably still be able to re-sign for a good amount of money. So really, the difference in the home/away contracts is this:

Diff = $4 million + $25.3 million – E

where:

E = expected value of first year of next contract

For a player like Johnson, who would be 33 after the final year of a five-year contract, the value of E would be quite a bit less than someone like LeBron, who would be 30 after the final year of a five-year deal. Assuming both players stay healthy, Johnson would be leaving more money on the table than LeBron would by signing a max deal with an away team.

…and he’s expected to accept the deal.

The Atlanta Hawks offered Joe Johnson a six-year, $119 million contract Thursday morning, and sources close to the All-Star guard expect him to accept the max deal soon.

The Hawks moved quickly at midnight ET to try to secure their franchise star and offered the contract that Johnson’s agent Arn Tellem sought from the organization. Sources say ownership OK’d the max offer and general manager Rick Sund delivered it in Los Angeles.

The writing seemed to be on the wall for Johnson, but the Hawks stepped up with a big offer that is probably too good for Johnson to pass up. He could sign the deal and stay in Atlanta, but now he has the leverage necessary to force a sign-and-trade to another team.

Johnson isn’t a ‘max’ player, but that doesn’t mean much when there are so many teams with cap space to burn this summer. I suspect the Hawks will be regretting this decision in 2-3 years.

Photo from fOTOGLIF

Here’s where I stop ruminating about rumors and pose a few predictions about what will happen in the NBA over the next couple of weeks. Let’s start with a near-sure thing and work our way around the league.

1. Dwyane Wade will re-sign with the Heat.
He has said all along that Miami is where he wants to be, and even if he strikes out on getting LeBron and/or Chris Bosh to join him, he won’t have a tough time recruiting a couple of other high-priced free agents to join him. Whether it’s Carlos Boozer, Amare Stoudemire, Joe Johnson or Rudy Gay, someone will want to play in sunny South Florida with a Top 5 player who has already proven he can take over an NBA Finals.

2. Chris Bosh will also sign with Miami.
I thought the Bulls might have inside track on Bosh, but if we’re to believe Dan LeBatard, a deal is already in place that would bring Bosh to Miami. Even if LeBron doesn’t join them, Bosh and Wade will make an excellent one-two punch.

3. LeBron and Carlos Boozer will sign with Chicago.
It’s the reunion that no one was expecting. I have no earthly idea what LeBron is going to do, but he says that winning is the most important thing, so if that’s true, he’ll either sign with the Bulls or join Wade and Bosh in Miami. With his ego, I think he’d rather play in Chicago in the shadow of Michael Jordan’s legacy than join ‘Wade’s team’ in South Florida. But who really knows? (Remember, I said these were sure-to-be-wrong predictions.) As for Boozer, if the Bulls strike out on Bosh, he’s the next-best fit at the four. The Bulls could take advantage of his strengths (low-post scoring, rebounding) while Joakim Noah could hide his weaknesses (post defense).

4. Joe Johnson will sign with the Clippers.
Think about it Knick fans — would you want to play under the NY microscope after the city missed out on the big-name free agents? Expectations are so high in the Big Apple and Johnson is a quiet guy that has proven in Atlanta that he doesn’t deal well with critical fans. He’s reportedly close with Clipper GM Neil Olshey and would be a nice fit there since he can play small forward alongside Eric Gordon on the wing.

5. Stoudemire will land in the Big Apple.
I almost wrote “land in New Jersey” but I didn’t want to send any Knick fans off the edge of the Brooklyn Bridge. If predictions #1-#4 come to fruition, the Knicks won’t be a very attractive place to play, but Stoudemire thrived under Mike D’Antoni in Phoenix and the Knicks will be sure to throw gobs of money to save face after pretty much striking out on the other top free agents. D’Antoni can run Stoudemire at the five and…

6. The Knicks will re-sign David Lee…
…to play the four. They’ll be defensively challenged, but that’s life. Then…

7. The Knicks will trade Eddy Curry for Gilbert Arenas…
…which will make them even more defensively challenged, but again, that’s life. At least the Knicks will be fun to watch.

8. The Grizzlies will match a max offer for Rudy Gay.
The Nets (and maybe the T-Wolves) will make a strong run at Rudy Gay, but the Grizzlies’ owner Michael Heisley has said all along that he’ll match any offer Gay gets in free agency.

9. Dirk Nowitzki and Paul Pierce re-sign with the Mavs and C’s, respectively.
These guys aren’t going anywhere.

Photo from fOTOGLIF

Yesterday, we discussed the nuts and bolts of the Hinrich-to-Washington trade, but ESPNChicago speculates more about what superstars the Bulls will be able to sign.

But that hardly matters as moving Hinrich and his $9 million contract, and dumping their draft pick, would fatten the Bulls’ free-agent budget from $20 million to $30 million, nearly enough to pay two max-salary free agents.

In Chicago, this news is met with unabashed glee because now we get LeBron James and Chris Bosh.

Too bad because it’s a no-lose for the Bulls. And yes, that’s even if, horrors, James stays in Cleveland or goes somewhere other than Chicago. Even if he takes Bosh with him.

After Bosh, and assuming Dwyane Wade stays put, Joe Johnson is reportedly frothing to come to the Bulls, so much so, according to the Tribune, that he would be willing to sign early. At off guard, Johnson would form a dream backcourt with Derrick Rose. Carlos Boozer would complete that picture nicely. The Bulls don’t appear especially interested in Amare Stoudemire. But the next-tier David Lee, a restricted free agent and a 20-12 guy, is out there. Ray Allen is too, even at nearly 35.

Things are set up nicely for Chicago, who are set at point guard (Derrick Rose) and center (Joakim Noah), which are two positions where this free agency class is most certainly lacking. Moreover, they are still on their rookie contracts which means that the Bulls can sign LeBron/Bosh or Johnson/Boozer and then pay Rose and Noah in a few years.

Unless the Bulls completely strike out in free agency, they’ll have a core group of talented players that should be together for the next five years.

Photo from fOTOGLIF