Tag: Lamar Odom contract (Page 2 of 2)

Odom-to-Miami looking like a real possibility

Yesterday, when we learned that Lamar Odom called Lakers owner Jerry Buss to try to smooth things over, it seemed (fairly) inevitable that the two sides would come to some sort of understanding and Odom would return to the Lakers. But a day later, it looks like there is a real chance that he may end up signing with the Miami Heat.

Amid a growing sense around the league that the Miami Heat have a real shot at stealing Lamar Odom away from the Los Angeles Lakers, Odom is expected to take the weekend to ponder his next move.

Sources with knowledge of Odom’s thinking told ESPN.com that he has not abandoned hope of resuscitating serious negotiations with L.A. after Lakers owner Jerry Buss angrily pulled a three-year, $27 million offer off the table earlier this week.

According to a broadcast report Friday night from longtime L.A. television anchor Jim Hill, Odom called Buss directly on Thursday in an attempt to reignite talks.

The Heat, meanwhile, have made it clear that they are prepared to offer the richest contract they can in an attempt to convince Odom to stop haggling with the Lakers, with the Dallas Mavericks also eager to offer the same fallback option.

Heat star Dwyane Wade made a public plea Friday for Odom to return to the franchise that sent him to the Lakers in the Shaquille O’Neal deal in the summer of 2004, announcing that “we want him back home.”

According to sources close to the process, Odom has been apprised that he can sign a five-year Heat deal consuming all of the team’s mid-level exception, which would be worth $34 million and include the option to return to free agency after three years and negotiate a larger contract with Miami.

Read the rest of Marc Stein’s column (which he’s been updating throughout this process) here.

I think this all comes down to Jerry Buss’s mood. Odom wouldn’t have called him if he didn’t want to take the Lakers’ offer. But Buss pulled the offer after negotiations fell apart, and it’s not clear how willing he is to open talks again.

Ultimately, cooler heads are likely to prevail. With Richard Jefferson landing in San Antonio, Shawn Marion headed to Dallas, and Portland sitting on a load of cap space, the Lakers’ Western Conference foes are getting better, and even though they signed Ron Artest, they know they can’t afford to lose both Trevor Ariza and Lamar Odom this summer.

Or maybe they can. Like I said, this all depends on Jerry Buss. He made Odom an offer that was well above his market value and Odom’s camp tried to put the squeeze on him.

Hell hath no fury like an owner scorned.

Odom does damage control

According to Jim Hill, Lamar Odom made a call to Jerry Buss.

I am told the purpose of the call was to rebuild any bridges that Odom’s agent, Jeff Schwartz may have burned by not responding to the Lakers offer of 3-years $30 million, and 4-years for $36 million.

If the Lakers do have (or had) these offers on the table, I don’t know why Odom hasn’t already re-signed. The most the Heat (or any team without cap space) can offer is a five-year deal worth around $34 million. So it makes sense that he’d be calling up Buss trying to convince him to make these offers available again. The market for Odom is not that strong, so he simply doesn’t have the leverage to demand a contract in the $11 million-plus range.

What’s not clear is if Buss is wiling to let bygones be bygones and sign Odom. He’s a character, for sure, but in the end I think GM Mitch Kupchak will convince him to sign Odom to one of these deals.

Lakers pull offer to Odom off the the table

It seems that Lamar Odom and the Lakers have reached something of a stalemate.

Sources told ESPN.com that Odom and the Lakers had reached an accord entering the weekend on a per-season wage of $9 million for the 29-year-old. But Odom balked at L.A.’s unwillingness to extend an offer spanning more than three years in length and spent the past few days weighing his options.

Yet it’s believed that Odom has indeed received offers from the Miami Heat and Dallas Mavericks that — because neither Florida nor Texas imposes state taxes — are not as far away in value from the Lakers’ presentation as it would seem.

Odom would have the ability with either the Heat or the Mavericks to sign a three-year, $19 million contract and negotiate a new deal with full Larry Bird rights in the summer of 2012 or take a five-year deal worth $34 million to bank more overall money, along with the state-tax benefits, than he could in a new three-year deal with the Lakers.

It’s funny how certain things come to light as these deals are made, or in this case, not made. California’s tax rate for people making more than $1 million is 10.3%, while Florida and Texas do not tax personal income. That means that the Lakers’ three-year offer is worth about $8 million per season after state taxes, or just over $24 million total. Compare that to the deals that the Mavs and Heat could offer ($19 million for three years or $34 million for five years) and a mid-level deal in a state with no income tax isn’t too far off.

Still, why would Odom reject the Lakers’ offer if everyone knows it’s the best that he has available? Portland isn’t interested, though that could change if the Jazz match the Blazers’ offer sheet to Paul Millsap. None of the other teams with cap space seem too eager to make a run at Odom, so it seems strange that he is playing hardball here. It’s not like he has a history of playing consistent basketball year in and year out. As far as his on-court performance is concerned, the guy is kind of a flake.

My guess is that Odom’s camp waits to see what happens with Portland then come back to the Lakers and accept this three-year deal. But one wonders if Jerry Buss is sick of playing games and might decide to stick it to Odom if/when he comes crawling back.

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