Per the Milwaukee Journal-Sentinel…

A basketball source has confirmed that Michael Redd suffered a torn anterior cruciate ligament and torn medial collateral ligament in his left knee on Sunday night in Los Angeles. The injury will sideline the Bucks shooting guard for the rest of the season.

The injury is the same one that Redd suffered nearly one year ago, on Jan. 24 against Sacramento at the Bradley Center. He suffered a torn ACL and torn MCL in his left knee on that night and was lost for the rest of the season.

On Sunday, Redd planted on his left foot as he made a move in the lane during the Bucks’ 95-77 loss to the Los Angeles Lakers at the Staples Center. He immediately was helped off the court.

Redd had a magnetic resonance imaging exam done in Phoenix on Monday, and the test revealed the ligament tears.

The 30-year-old Redd has been plagued by injuries in recent years. He missed the final 35 games of last season after being injured, and he was out for 16 games earlier this season due to a left patella tendon strain.

As a Bucks fan living in Southern California, I actually attended the Bucks/Lakers tilt last night at Staples Center. Redd drove into the lane, came to a jump stop and his knee just gave out. He has struggled this season to get back into the groove, but over the last few games he was starting to (sort of) resemble his old self.

I know that there are Bucks fans out there that want to be rid of Redd, but I think that anger is directed more towards his contract than at the player himself. In his heyday, he was a stone cold shooter, and could make contested jumpers from anywhere on the floor. He is also a good citizen and teammate, and a good locker room guy. I feel bad for him.

From a salary cap perspective, this injury obviously kills any chance the Bucks had of moving Redd before the trade deadline next month. Next season, he is due to make $18.3 million in the final year of his contract. He could opt out, but there’s a better chance that Barry Bonds will admit to using steroids while wearing a yellow and white polka-dot dress on St. Swithin’s Day.

The Bucks are just going to have to ride this one out and retool in the summer of 2011.

Photo from fOTOGLIF

When I saw DIME’s juicy headline, “Michael Redd Wants Out of Milwaukee, and I Don’t Care ” I was surprised. Redd has always been a class act and it’s not like him to go to the press demanding a trade. As it turns out, he didn’t. Not even close.

DIME pounced on this quote:

“I do feel like I have to figure out where I fit with this team now,” Redd tells HOOPSWORLD. “My thing is, I want to win. I want to win regardless of anything else. I want to win, to play on a contender, and I feel like we had our chance earlier in the season when we went 8-3, but we’ve slipped since then. We’ve got to get back to where we were at the beginning of the season and keep fighting.”

DIME writer Aron Phillips then went on to question Redd’s decision-making skills…

After the 2004–05 NBA season, Redd had a chance to “win regardless of anything else” and “play on a contender.” But rather than sign for less money to play for his hometown team (and with some guy named LeBron), he decided to re-up with the Bucks to the tune of six years and $91 million. Not exactly a smart move if you ask me.

But hey, who am I to tell a guy to pass up millions of dollars. (I’m not.) But I am the guy to tell you to keep your mouth shut when things aren’t exactly going your way. You knew what you were getting yourself into when you stayed in Milwaukee, so sleep in the bed that you made yourself.

Phillips has a point about Redd’s opportunity in 2005 to play with LeBron James, and if Redd were complaining about his situation, I’d agree with the writer that he should “sleep in the bed” that he made. But if you read the original interview with Hoopsworld, he’s not complaining…

Redd admits that he, too, has to get to 100% before the Bucks can really be at their best.

“It’s huge, it’s huge,” says Redd. “I’ve got to get going for our team to start winning. That’s the bottom line. We need Andrew to contribute, we need Brandon to keep playing well, but I have to play better for us to win.”

“Obviously, you want to win every game, and at this point in my career I know there are more games behind than there are ahead. We’re still in playoff contention, and feel like we can make it if we continue to fight and get back to what we were doing earlier in the season. I’d like it to happen for me here. I’ve been here for ten years and this organization deserves a winner and I’d like to be here for it. I don’t pay much attention to trade rumors. We all know that’s part of the business. I just focus on doing my job and keep playing. Whatever happens, happens. I have a great relationship with management, they know I’m still coming back from injury, and we’ve just got to keep working hard.”

Does this sound like a guy who is shirking responsibility or “wants out”? He said flat out that for the Bucks to win, he has to play better, and that he wants to stay in Milwaukee. He did say he wants “to play on a contender,” but unlike most NBA fans, he hasn’t written the Bucks off.

There are only a handful of “franchise” players in the league, and Redd is not (and never was) one of them. He has/had the ability to carry a mediocre team for a season or two. Like most stars, he is/was better suited to be the second-best player on a good playoff team. I understand Phillips’ criticism of a guy who chooses money over winning and then complains about not winning, but that’s not Michael Redd. He’s frustrated with his injuries and with the way he’s playing, and he’s taking responsibility for it. Nowhere in that interview did Redd say that he “wants out.”

The bottom line is that even if Redd wanted out (which he doesn’t), it would be tough for the Bucks to move him. He’s making $17.0 million this season and has another season at the tune of $18.3 million. While he has shown some signs of his old self, no team is going to take on that contract until he starts playing consistently like the Redd of old. And if that happens, the Bucks will be a playoff team. It’s not like Brandon Jennings is a shooting guard; Milwaukee has a need at that position, so if Redd starts to play well, there are plenty of minutes available.

If the Bucks were able to move Redd for expiring contracts, they’d have $18 million in cap space summer. The Bucks haven’t closed the door on Redd, but they can’t afford to build around him anymore. His age and injury history has made that impossible. This is the Brandon Jennings and Andrew Bogut show now. Everyone — Redd, the Bucks — needs Redd to get back to his old self. If he does, he’ll once again be tradeable, but more importantly, the Bucks will be a playoff team. And that’s the next step.

Photo from fOTOGLIF

Anyway, Redd has been coming off the bench the last few games as he tries to come back from his ACL surgery, and tonight he finally looked like himself. He posted 25 points, seven rebounds and four assists, and hit some big shots in the second half to bring the Bucks back from an eight-point deficit. In a game where Brandon Jennings had an off night, Redd stepped up. If he can get back to being an efficient scorer, the Bucks will have a pretty potent backcourt.

Michael Redd is sidelined again.

Michael Redd of the Milwaukee Bucks will miss at least two weeks after experiencing soreness in his surgically repaired left knee, a source told ESPN.com on Monday.

Redd underwent surgery in March to repair a torn anterior cruciate ligament, and he left Saturday night’s game against Detroit during the third quarter because of discomfort in the knee.

Redd is a great example of why the NBA needs to lower the maximum contract length to three or four years. Over the last three seasons, Redd has missed more than a third of his team’s games. During that span, the Bucks paid him almost $44 million and have missed the playoffs each and every year.

I give Redd a lot of credit for transforming himself from a second round pick into a NBA All-Star, but his inability to stay healthy in recent years has really hamstrung the Bucks. To add insult to injury, he’s slated to make more than $35 million over the next two seasons, and if he isn’t healthy, he’s going to be impossible to trade.

Memphis GM Gerald Wallace took a lot of heat for trading Pau Gasol to the Lakers. But if we’ve learned anything in the past few days, it’s that Wallace was simply a man ahead of his time.

On Tuesday, we learned that the Bucks agreed to trade Richard Jefferson to the Spurs for Bruce Bowen, Kurt Thomas and Amir Johnson. (Fabricio Oberto was part of the original deal, but San Antonio sent him to Detroit for Johnson, who was then sent to Milwaukee.)

Regular readers know I’m a Bucks fan, and I spent the last couple of days grumbling on the Sports Bubbler message boards about how we didn’t get anything in return for Jefferson, who is still a pretty good player. When Wallace traded away Gasol, at least he got Javaris Crittenton (who was considered a prospect with upside at the time) and Pau’s brother, Marc, who turned out to be a productive center for the Grizzlies.

Then I wake up today to see that the Cavs and Suns have agreed to go through with that long-rumored trade that will send Shaq to Cleveland for salary cap relief. Who do the Suns get in return? A retiree (Ben Wallace), a bench player with a partially guaranteed contract (Sasha Pavlovic), some cash and a second round pick.

This is the going rate for a Third Team All-NBA center these days.

We knew that this summer had the potential to be a rough one for free agents, but it’s a little surprising to see that good players like O’Neal and Jefferson could be had for virtually nothing. Bucks owner Herb Kohl and Suns owner Robert Sarver realize that their clubs aren’t legitimate contenders, so they don’t see the point in paying the luxury tax just for the privilege of being knocked out in the first round of the playoffs. What kind of an effect these moves have on season ticket purchases remains to be seen.

The bottom line is that if a team is willing to spend, there has never been a better time to acquire talent. You’re not going to get someone like Caron Butler, who plays for a (pretend) contender and has a reasonable contract, but you can get Jefferson, who is overpaid and is on a mediocre team that is up against the luxury tax. And the older the player, the more likely he’s available. Teams aren’t going to give up good players that are in their early- or mid-twenties because the plan is to rebuild before they’re over the hill.

So who might be on the move for a bag of peanuts and some salary cap flexibility? How about Tracy McGrady, Baron Davis, Chris Kaman, Marcus Camby, Vince Carter, Tyson Chandler, Amare Stoudemire, Jermaine O’Neal, Michael Redd, Ray Allen or Rip Hamilton?

Truth be told, a team like the Suns isn’t going to give the youngish Stoudemire away for cap flexibility alone. But as the price of a star goes down, the price of superstar goes down as well.

It promises to be an interesting summer.

The economy is really starting to take its toll on professional sports, and the NBA is no different. Bad contracts are bad even when the economy is pumping, but they really stand out in tough times like these. So I decided to look through the payrolls team-by-team to try to identify the worst contracts in the NBA. I expected to list 15-20 names, but I ended up scribbling down 68. That’s right, there are no fewer than 68 bad contracts in the NBA.

I didn’t include any of the players that are in the final year of their contracts because…well, what’s the point? They’ll be off the books in a few months anyway. Instead, I wanted to focus on those contracts that are going to haunt teams for years to come, so to be eligible, players have to have at least a year left on their current deals.

It’s tough to compare someone making superstar money to an average, everyday role player, so I split these 68 contracts up into three groups: the Overpaid Role Players, the Not-So-Super Stars and the Injury-Prones. I will rank them from least-worst to most-worst with the thinking that I wouldn’t trade the player for anyone further down the list but I would trade him for anyone previously mentioned. So, for example, if a guy is listed #7 within a particular group, I’m not trading him for anyone ranked #6-#1, but I would think seriously about moving him for a guy that is ranked #8+.

So let’s start with the role players and go from there…

(Note: In most cases, I don’t blame the player himself for his outrageous contract. The fault lies with the general manager that inked the guy to the deal. However, this rule goes out the window if the player has a history of only producing in his contract year – I’m looking at you, Tim Thomas.)

THE OVERPAID ROLE PLAYERS

Guys That I Wouldn’t Mind Having On My Team

36. Shane Battier (two years, $14.3 million)
6.7 ppg, 4.9 rpg
I know he’s supposed to be the “no-stat MVP,” but $7 million per season seems like a lot to pay for a defensive specialist who only gets 0.7 steals per game. Plus, when he shaves his head, you can almost see his brain.

35. Jason Maxiell (four years, $20 million)
5.4 ppg, 3.9 rpg
Maxiell’s Player Efficiency Rating (15.79) is above average. But why pay the guy if you aren’t going to play him?

34. Andres Nocioni (three years, $21.0 million)
10.5 ppg, 4.2 rpg, 41% FG%
Nocioni can ball, but $7 mil a season is a steep price to pay for 11 and 4. We’ll see if he blossoms now that he’s outside of Luol Deng’s shadow.

33. Nick Collison (two years, $13.2 million)
7.9 ppg, 6.8 rpg
You’d think this guy would have a killer 18-footer by now.

32. Ronny Turiaf (three years, $12.5 million)
5.5 ppg, 4.0 rpg
He plays hard, but any number of guys in the D-league and overseas that can do what he does at a fraction of the price.

I Only Want Him On My Team In A Contract Year

31. Tim Thomas (one year, $6.5 million)
9.3 ppg, 3.3 rpg
“Tiny” Tim is the poster boy for guys that only produce when they’re playing for a new contract. Ernie Grunfeld, GM of my beloved Bucks, signed him back in ‘00 to a six-year deal worth $68 million and then, six underachieving years later, the Clippers were so enamored with his performance against them in the playoffs that inked him to a four-year deal worth $24 million. This clown has a career average of 11.7 points and 4.2 rebounds and he has made more than $84 million thus far. Sorry, I have to go throw up…

…okay, I’m back.

The Expiring Contracts

30. Darko Milicic (one year, $7.5 million)
6.3 ppg, 4.8 rpg
29. Mike James (one year, $6.5 million)
8.6 ppg, 3.2 apg
28. Antonio Daniels (one year, $6.6 million)
4.4 ppg, 2.8 apg
27. Earl Watson (one year, $6.6 million)
6.0 ppg, 5.7 apg, 37% FG%
26. Tony Battie (one year, $6.3 million)
4.4 ppg, 3.6 rpg
25. Brian Cardinal (one year, $6.8 million)
2.0 ppg, 1.8 rpg
24. Etan Thomas (one year, $7.4 million)
3.1 ppg, 2.6 rpg
23. Mark Blount (one year, $8.0 million)
3.9 ppg, 1.8 rpg
22. Jerome James (one year, $6.6 million)
3.0 ppg, 1.5 rpg
21. Kenny Thomas (one year, $8.8 million)
0.8 ppg, 1.9 rpg
20. Bobby Simmons (one year, $11.2 million)
8.0 ppg, 4.4 rpg
Expect to hear “__________’s expiring contract” a lot next February. Seriously, these guys will be involved in all sorts of trade scenarios, but in this economy, most teams will just hold onto them and let their salaries come off the cap. What’s sad is that most of these guys are useless, yet they’ll make more in one season than most of us will in our lifetimes.

Great, now I’m depressed.

All They Can Do Is Shoot, But That’s Something

19. Jason Kapono (two years, $12.9 million)
8.4 ppg, 2.1 rpg
18. Sasha Vujacic (two years, $10.5 million)
5.7 ppg, 1.6 apg
17. Daniel Gibson (three years, $12.5 million)
8.1 ppg, 38% FG%
16. Vladimir Radmanovic (two years, $13.4 million)
10.5 ppg, 4.0 rpg, 1.6 apg
15. Morris Peterson (two years, $12.2 million)
5.4 ppg, 2.1 rpg
After signing a three-year deal, setting himself up for life, Vujacic’s shooting numbers have dropped eight percent from the field and almost nine percent from three-point range. (Like he needed to be more annoying.) And I don’t think the Cavs had 38% shooting in mind when they inked Boobie to a long-term deal; the play of Delonte West has made Gibson expendable. As for Radmanovic, he is arguably the worst defender in the league. Really. Just watch him on that end of the court sometime. He’s totally lost. His awareness in NBA 2K9 should be zero.

One Good Year Does Not a Starting Point Guard Make

14. Marcus Banks (two years, $9.4 million)
2.7 ppg, 1.3 apg
13. Beno Udrih (four years, $26.7 million)
10.9 ppg, 4.3 apg
12. Marko Jaric (two years, $14. 7 million)
1.8 ppg, 0.9 rpg, 27% FG%
Sure, Udrih is overpaid and the Kings were dumb to sign him long-term. But the guy can run an offense and that’s still something. But I wonder — does Marko’s new bride (Victoria’s Secret model Adriana Lima, pictured below) know that he’s not getting any minutes for one of the worst teams in the league? Does she care? Does he care?

After looking at that picture, do I care?

The Not-So-Special Specialists

11. Reggie Evans (two years, $10 million)
2.7 ppg, 4.7 rpg
10. Jared Jeffries (two years, $13.4 million)
4.6 ppg, 4.0 rpg
Here we have the Rebounder and the Defender. Too bad that’s all either guy can do. Jeffries is a poor man’s Battier. (I don’t really know what that even means.)

The Big Stiffs

9. Darius Songaila (two years $9.3 million)
6.7 ppg, 2.6 rpg
8. Joel Pryzbilla (two years, $14.3 million)
5.2 ppg, 8.1 rpg
7. Erick Dampier (one year, $12.1 million)
5.3 ppg, 7.0 rpg, 1.3 bpg
6. Nazr Mohammed (two years, $13.4 million)
2.5 ppg, 2.0 rpg
5. Dan Gadzuric (two years, $14.0 million)
3.5 ppg, 3.5 rpg
Now that’s a list of overpaid backup centers. The Bucks drafted Andrew Bogut in June 2005 then sign Gadzuric to a long-term deal two months later. How does this make sense? Since when does being seven-foot and being able to get up and down the court in a reasonable amount of time entitle you to a multi-million dollar contract?

What In the World Were They Thinking?

4. Jamaal Tinsley (two years, $14.9 million)
No stats in 2008-09
The Pacers have been trying to get rid of Tinsley for a while now but they can’t find any takers. I wonder why…

3. Matt Carroll (four years, $16.4 million)
3.3 ppg, 1.3 rpg, 39% FG%
The Mavs had to take on Carroll’s brutal contract to get rid of the #1 guy on this list, so this is actually an improvement for Mark Cuban. Carroll is proof positive that if you can average double-digit points in your contract year for one of the worst teams in the league, you can parlay that into a deal worth $20 million. Right place, right time…

2. Luke Walton (four years, $21.6 million)
4.9 ppg, 2.5 apg, 2.5 rpg
I’m of the school that Luke wouldn’t have signed this big of a contract if his last name wasn’t “Walton.” Hell, if not for that family name, I’d argue that he wouldn’t even be in the NBA. He’s a 6’8” white dude who can’t shoot but I’m told that “he knows how to play the game.” Seriously, there are a half a dozen guys like that in my rec league (and they can shoot it better than he does).

1. DeSagana Diop (four years, $26.8 million)
3.3 ppg, 3.8 rpg, 0.8 bpg
How does a guy that has never averaged more than 3.3 points or 5.4 rebounds a game get a five-year deal worth $31 million? He’s a great shot-blocker, you say? His career high in blocks is 1.8 – that’s worth $6 million per season? Really? I thought America was a meritocracy…

THE (NOT-SO-SUPER)STARS

18. Vince Carter (two years, $33.6 million)
20.5 ppg, 5.0 rpg, 4.8 apg
Is he playing well? Absolutely. Is he worth every penny? Not so much. The Nets couldn’t give him away at the trade deadline.

17. Richard Jefferson (two years, $29.4 million)
18.3 ppg, 4.7 rpg, 2.4 apg, 43% FG%
He’s helped the Bucks stay competitive, but the franchise is in dire financial shape. He’s worth $10-$11 mil per season, not $15 million.

16. Rashard Lewis (three years, $58.7 million)
18.4 ppg, 5.9 rpg
Yes, he’s overpaid, but at least he can shoot – and he’s perfect for what Orlando wants to do.

15. Mike Dunleavy (two years, $20.4 million)
15.1 ppg, 3.8 rpg, 2.4 apg
Mike, Jr. finally lived up to his bloated contract last season and then he got hurt. Perfect. Man, it’s been a rough year for the Dunleavys.

14. Antawn Jamison (three years, $40.1 million)
21.6 ppg, 9.2 rpg, 2.0 apg
It’s hard to know how bad this contract will look in a year or two. He’s still producing, albeit for a bad team.

13. Andrei Kirilenko (two years, $34.3 million)
12.4 ppg, 5.3 rpg, 3.0 apg
This contract has looked awful for a long time now. He inked his deal before the arrival of Carlos Boozer and Deron Williams and the Jazz have been counting the minutes since.

12. Troy Murphy (two years, $23.0 million)
13.9 ppg, 11.8 rpg
Call me crazy, but at essentially the same price, I’d rather have Murphy for two years than the next guy for five.

11. Emeka Okafor (five years, $62.5 million)
14.1 ppg, 10.6 rpg, 1.7 bpg
Welcome to cap hell, Charlotte.

10. Andre Iguodala (five years, $68.6 million)
18.0 ppg, 5.4 apg, 6.0 rpg
Don’t get me wrong – Iggy is a solid player. Just not $13.7 mil-per-season solid.

9. Luol Deng (five years, $61.7 million)
14.1 ppg, 6.0 rpg, 1.9 apg
A 14/6 guy is worth $12 mil a year? Really? Someone call Drew Gooden and tell him he’s in for a payday this summer. (Relax, Bulls fans, at least Deng is just 23.)

8. Kirk Hinrich (three years, $26.5 million)
9.4 ppg, 4.2 apg, 43% FG%
What happened to him? His career was on the slide even before Derrick Rose came to town. This is a guy that is in desperate need of a change of scenery.

7. Larry Hughes (one year, $13.7 million)
11.9 ppg, 1.9 apg, 2.9 rpg
6. Ben Wallace (one year, $14.0 million)
3.0 ppg, 6.6 rpg, 1.4 bpg
Hey, at least these ridonkuous contracts only last one more year. I am sick and tired of talking about how they’re overpaid.

5. Stephen Jackson (four years, $35.6 million)
21.1 ppg, 6.4 apg, 41% FG%
4. Corey Maggette (four years, $39.7 million)
19.8 ppg, 5.6 rpg
While Jackson’s numbers are decent, he’s a volume shooter and he’s already 30 – imagine how bad this contract is going to look in a couple of years. The same goes for Maggette. Don’t forget that playing in Golden State inflates those numbers. Geesh!

3. Baron Davis (four years, $53.8 million)
15.3 ppg, 7.9 apg, 3.5 rpg, 36% FG%
I wonder if the Clips want a do-over. Davis is a good player, but not $13.5 million-per-year good. What’s sad is that I really like watching Davis play. He should be playing for a contender. Elton Brand really did a number on this guy.

2. Zach Randolph (two years, $33.3 million)
21.8 ppg, 10.5 rpg
Don’t be fooled by those numbers. Randolph is a $9 million-per-year player in a $16 million-per-year contract. He makes a killing scoring and rebounding for terrible teams.

1. Peja Stojakovic (two years, $27.7 million)
13.8 ppg, 4.4 rpg
Sure, he’s averaging almost 14 points per game, but he’s shooting just 40% from the field. This trade actually forced the Hornets to try to give their third-best player, Tyson Chandler, away. Since they acquired Peja, New Orleans has had absolutely no cap flexibility. This is the move that may ultimately keep the Hornets out of the Finals, at least for the next couple of seasons. They rolled the dice that Peja could still shoot and it came up snake eyes.

THE INJURY-PRONES

14. Shaquille O’Neal (one year, $21 million)
18.2 ppg, 8.8 rpg, 1.5 bpg
Yes, he’s having a good year, but he’s not worth $21 million. While the next guy is the better center, at least Shaq has proven he can take a team to the Promised Land. The Cavs may ultimately regret not adding him at the expense of Wally Szczerbiak and Sasha Pavlovic at the trade deadline.

13. Yao Ming (two years, $34.1 million)
19.8 ppg, 9.6 rpg
Don’t get me wrong – Yao has a great game. I love it. But I don’t think you can build around a guy who has missed more than a third of his games in the last three seasons. And his foot problems are only going to get worse, right?

12. Nene Hilario (three years, $33.5 million)
14.8 ppg, 7.9 rpg
He’s productive when he plays, but this guy is an injury waiting to happen. Prior to this season, he missed 40% of Denver’s games over his first six years.

11. Andrew Bogut (five years, $60.0 million)
11.7 ppg, 10.3 rpg, 1.0 bpg
I like Bogut’s hard-nosed style, but it seems to be taking its toll on his body. He has missed more than a quarter of his games over the past three seasons. Now he has back pain — that’s easy to fix, right?

10. Jason Richardson (two years, $27.8 million)
17.0 ppg, 4.3 rpg, 2.2 apg
J-Rich is a solid player. Just not $13.9 mil-per-season solid.

9. Michael Redd (two years, $35.3 million)
21.2 ppg, 3.2 rpg, 2.7 apg
Over the last three years, Redd has missed 36% of the Bucks’ games. I think it’s safe to say he’s injury-prone. I do love this former second round pick, but he’s not living up to his contract. I want to see an efficent, 18+ point season with the Bucks getting out of the first round of the playoffs. Then I’ll be happy.

8. Jermaine O’Neal (one year, $23.0 million)
13.5 ppg, 6.9 rpg
In the previous four seasons, O’Neal has missed 37% of his team’s games. Wowsers. The guy still has skills, if he can only stay upright.

7. Tracy McGrady (one year, $22.5 million)
15.6 ppg, 5.0 apg, 4.4 rpg, 39% FG%
One more year and the Rockets will be able to free themselves from this albatross of a contract. Remember when people used to argue about who was the better shooting guard – Kobe or T-Mac? That seems like such a loooooong time ago.

6. Kenyon Martin (two years, $32.2 million)
12.2 ppg, 6.2 rpg
Hey, at least K-Mart is healthy and contributing! (Nugget fans know what I’m talking about.) Martin has one of those contracts that was untradeable the moment he signed it. Then he played a total of 58 games in the ‘05-’06 and ‘06-’07 seasons. Believe me, Denver fans are happy for the 12 and 6.

5. Samuel Dalembert (two years, $25.1 million)
6.3 ppg, 8.7 rpg, 1.8 bpg
As time goes on, this contract looks more and more ridiculous.

4. Elton Brand (four years, $66.2 million)
13.8 ppg, 8.8 rpg
Methinks the basketball gods are giving Elton a little payback for leaving Baron Davis high and dry. Karma is a bitch.

3. Eddy Curry (two years, $21.8 million)
2.0 ppg, 2.0 rpg
A 6’11” center who can’t rebound or stay healthy? Great. His game has such a bad rep that he’s been unmovable for years.

2. Monta Ellis (five years, $55 million)
13.4 ppg, 3.8 rpg, 2.8 apg
Yet another bright career gets derailed by a wild moped ride in Mississippi. How many times does this happen before we all stand up and say “NO” to Mississippi moped rides?

1. Gilbert Arenas (five years, $96.4 million)
No stats in 2008-09
To think, the Wizards actually seemed happy to be getting Agent Zero at a “hometown discount.” But who exactly were they bidding against? If he doesn’t return to his All-NBA form, the franchise will be hamstrung for years to come. This is yet another Ernie Grunfeld gem.

In previous columns, I ranked the top 10 free agents of 2010 and identified several players with expiring contracts that might be moved before the Feb. 19 trade deadline. Now it’s time to talk about cap space.

We’ve been hearing a lot lately about how teams are “clearing cap space” so that they can sign a big-name free agent in the summer of 2010 (or in some cases, 2009). But what exactly does this mean?

The NBA has a “soft cap” which is currently set at $58.7 million. Teams that are over the cap can’t sign a free agent from another team for more than the mid-level exception, which usually starts at around $5 million per season. Teams that are under the cap can offer free agents whatever cap space they have up to the level of a max contract, which starts at about $14 million per season under current conditions.

HoopsHype has all the salary data for each team, but I thought it would be useful to compile it all into one table so we can easily see who will have money to spend over the next two summers.

First, my assumptions:

- Given the current state of the economy, the salary cap is likely to stay at about $59 million over the next two seasons, so I used the current cap ($58.7 million) to calculate each team’s cap space.

- Certain players have already indicated that they’re planning to “opt out” of the final year of their contracts so that they can enter free agency. For those that have not announced, I used my best judgment to determine whether or not a player is likely to opt out. For example, LeBron James is very likely to opt out of his contract in the summer of 2010, but Michael Redd, who stands to make more than $18 million that same season, is likely to play out the final year of his deal because he’s not going to get anything close to that kind of money on the open market.

- I’ll also list the major (and some minor) decisions that each franchise will have to make over the next two seasons. These are typically decisions about whether or not to re-sign a player whose contract is up (or is entering restricted free agency). For example, if the Knicks decide to sign David Lee to a long-term deal, it’s going to have an impact on the team’s available cap space.

Without further ado, here’s the table, sorted by total projected cap space in the summer of 2010.

The data is interesting. If teams didn’t spend another dime until the summer of 2010, there would be seven teams capable of signing one player to a max-type contract and 11 teams capable of signing two players to max deals. This isn’t realistic, however, as most teams are going to re-sign their current players when they enter restricted or unrestricted free agency, and that’s going to take a bite out of their cap space. Plus, there are a number of stars – Carlos Boozer, Shawn Marion, Allen Iverson – and several starter-quality players that will sign free agent deals this summer. That’s going to gobble up cap space as well.

Of the four teams that have significant cap flexibility this summer – Detroit, Memphis, Atlanta and Oklahoma City – only two, the Pistons and the Hawks, have major decisions to make this summer. The Hawks have to decide whether or not the 30 year-old Mike Bibby is worth a significant long-term deal. If they do sign him to a contract averaging, let’s say, $10 million per season, it is going to reduce their cap space for the summer of 2010 by that amount. They can always re-sign Joe Johnson (because he is “their” free agent), but they may not have enough space to sign another top tier player. That space would be reduced further if they elect to sign Marvin Williams to a long-term deal.

The Pistons have to make a decision about Allen Iverson and Rasheed Wallace. Both players are getting on in age, so I wouldn’t be surprised if the Pistons allow both contracts to expire and use the new cap space this summer or next, building around Rodney Stuckey and Tayshaun Prince.

The Grizzlies have a ton of projected cap space over the next two years, but their challenge is not the money – it’s attracting a top-tier free agent to a small city and a bad team. No one really thinks that Memphis has a shot at any of the top five free agents of 2010 – LeBron, Dwyane Wade, Amare Stoudemire, Chris Bosh and Joe Johnson – though there’s a slim chance that Amare or Bosh might want to play with O.J. Mayo and Rudy Gay. Small market teams like Memphis that are struggling to win are going to have to overpay for second-tier free agents. The Thunder, Timberwolves, Raptors and Kings are four other teams that will have significant cap space over the next two seasons but are unlikely to attract a top-tier free agent.

These numbers will obviously change over the next two seasons as teams make trades and sign free agents (and draft picks). However, I can’t remember a time when this many teams had this much cap space. Under normal circumstances, it would lead to a frenzy of spending in the short term, but with the current state of the economy, teams may be quite a bit more cautious as they open those checkbooks.