Posted on: July 12, 2010 10:36 am
Edited on: July 13, 2010 12:13 pm
A cautionary tale for teams doling out millions to free agents in 2010: In some cases, it's only a matter of time before those same free agents are dumped overboard at a discount.
Case in point: Hedo Turkoglu, the most sought-after free agent of 2009. After leading the Magic to the NBA Finals, Turkoglu flirted with the Trail Blazers before landing in Toronto for five years and $53 million. Twelve months later, the Raptors unloaded the disgruntled forward in a three-team trade with Phoenix and Charlotte.
So much for Turkoglu leading the Raptors anywhere but rebuilding.
The trade expanded into a three-team arrangement Monday, with the Raptors getting Leandro Barbosa from Phoenix and Tyson Chandler and Boris Diaw from Charlotte while sending Jose Calderon to the Bobcats, a person with knowledge of the deal told CBSSports.com. The framework is pending a trade call with the NBA office later Monday, the source said.
UPDATED 12:20 a.m. ET: But Yahoo! Sports reported early Tuesday that Bobcats owner Michael Jordan was having "second thoughts" about participating in the deal. Jordan's reluctance came after players in the deal had been informed they'd been traded, and it imperiled all but the initial Turkoglu-for-Barbosa portion of the trade.
UPDATED 12:13 p.m. ET: The Toronto Star reported Tuesday afternoon that the Bobcats portion of the deal is dead , nixed by Jordan's concerns.
In the make-believe world of NBA trades, this one actually makes sense. The Raptors get rid of Turkoglu, who was never happy with his role in Toronto, and get a playmaker in Barbosa with only a one-year commitment. They use a portion of the $14.5 million trade exception received in the Chris Bosh sign-and-trade to make the deal pass muster under the 125 percent rule required to validate trades between teams that are over the salary cap. Turkoglu is on the books for $9.8 millon next season.
The Suns, trying to move on after losing Amar'e Stoudemire to the Knicks, made another solid move in acquiring restricted free agent Josh Childress from Atlanta for a second-round pick. By doing so, Phoenix bypasses the offer sheet and seven-day matching procedure for restricted free agents, which eliminates what would've been merely a formality since the Hawks were not going to match an offer sheet for Childress after signing Joe Johnson to a max deal. With Turkoglu's play-making ability and Childress' athleticism, it's hard not to like the Suns' post-Amar'e look. Childress, who gets a five-year, $34 million deal, will give coach Alvin Gentry more flexibility in his rotations. Turkoglu will take some of the pressure off an aging Steve Nash to be the playmaker and ballhandler on every possession.
Posted on: January 22, 2009 10:28 am
A few weeks ago, Stephon Marbury predicted people would be shocked to learn the team he'd be joining once the Knicks cut him loose this season. For once, something other than B.S. may have passed through Marbury's lips.
With Josh Childress out following sports hernia surgery, Greek power Olympiacos is in the market for a marginal NBA player to boost its chances in the Top 16 phase of Euroleague play, which begins Jan. 29. Marbury could be that player.
Before he can sign with any team -- Greek or otherwise -- Marbury will need a big fat Greek buyout from the Knicks. There has been "no movement" on that front, a person directly involved in the discussions told CBSSports.com.
Marbury is reported to have put his offer of a $1 million giveback on his $20.8 million contract for this season back on the table. The Knicks are believed to be pushing to pay Marbury $3 million-$5 million less. Perhaps interest from across the ocean could be the impetus for Marbury to budge -- especially considering the kind of cash Olympiacos could be offering. Like Childress, who signed a three-year, $20 million deal, Marbury would be able to make more after taxes in Greece than the $1.2 million veteran's minimum he'd commmand as an NBA free agent.
The move actually would be good for Marbury. Rather than immerse himself in a playoff race after not playing a single regular season minute in 12 months, Marbury could get his mind and game back in relative anonymity. He's previously expressed a strong desire to play overseas once his NBA playing days were over.