Despite David Stern's assertion that the league lost $400 million in total last season, this offseason was expected to be an exciting one, with loads of top free agents and just as many teams with cap room.
Teams have waited for this July 1 for years, and when the day finally came around, they went crazy.
Instead of waiting for the market to develop and find bargains late in free agency, many teams pounced early, setting the bar for free agents to come.
Perennial journeymen found themselves with five-year offers and playoff busts were glaring at max deals. Needless to say, there will be quite a number of bad contracts to come from this free agent crop.
With the next collective bargaining agreement potentially leading to restructuring of existing contracts, are the owners making grander offers with the expectation that they will be bailed out come next summer?
If so, they are not thinking straight.
However, for owners thinking that one player can put them over the top to go far in the playoffs, somewhat overpaying a free agent can make sense, as the financial incentive to advance in the playoffs is huge.
Still, paying a career bench player $30 million makes no sense. Tha ...
Read Full Article at Bleacher Report - NBA
Article written by Patrick Harrel
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