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
After (justifiably) nickel-and-diming Amare Stoudemire, and watching him sign with the Knicks, the Suns are reportedly about to trade for Hedo Turkoglu and Josh Childress in two separate deals.
The Suns, according to the Republic, have agreed to send guard Leandro Barbosa and forward Dwayne Jones to the Raptors for Turkoglu, who badly wants a move after a rough first season with Atlanta.
In the second deal, Phoenix will acquire Childress in a sign-and-trade with the Hawks, who still hold Childress’ rights after the restricted free agent spent the last two seasons in Greece. The Republic reported that Childress has agreed to a five-year, $34 million contract with the Suns, who will use a portion of the trade exception created in Friday’s Stoudemire sign-and-trade with New York to absorb Childress’ contract.
The Suns will save about $7 million per season for the next two years by trading away Barbosa, but they’re committing almost $78 million in new money to Turkoglu and Childress, for a net of $64 million. Stoudemire signed for five years and $100 million.
I like Childress a lot, especially in this offense, but trading for Turkoglu? Really? Wouldn’t it be better to hold on to Stoudemire than to ask a 31-year-old small forward to play power forward?
Granted, the Suns options are pretty slim now that the top free agents have already signed, but Amare signed early, so they had time to make a run at Carlos Boozer or David Lee and were either unable or unwilling to land either player.
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.
Joe Johnson gets it. He has a max offer from the Hawks on the table, but hasn’t agreed to sign it just yet. He wants to see which big-name free agents land where, to see if there’s a secondary or tertiary role for him on a championship contender.
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
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