Recession? What recession?
After pleading poverty for a year — remember David Stern said the teams would lose $400 million this season — teams went on a spending spree like Paris Hilton with a black American Express card. It was obscene. This will come back to haunt the owners during the Collective Bargaining Agreement negotiations.
It was a day of average players getting oversized contracts. Let’s wrap up the entire day of news:
* Rudy Gay — a good small forward with unlimited potential and very limited focus and drive — was given a near max deal, five years and $82 million. Gay is a good player, scoring almost 20 points a game but not all that efficiently (he had a slightly above average PER of 16 last season). But the Grizzlies were afraid of losing him as Minnesota was interested — and they’ve been passing out stupid big contracts for years. New Jersey had him pegged as Plan B. So the Grizzlies bid against themselves and gave him the max deal. He took it. Obviously. We’ll see how this motivates him next season.
* Darko Milicic agreed to a four-year, $20 million deal with Minnesota. Yes, that Darko Milicic. He had three nice months at the end of the season for the T-wolves; he’s the kind of big that is a solid fit in the triangle offense. But that in no way negates the last few years or warrants a $20 million deal. Amazingly, this wasn’t even the strangest big man contract of the day …
* Amir Johnson was given a five-year, $34 million deal by the Toronto Raptors. The fact you just asked yourself “Who is Amir Johnson?” says all you need to know about the contracts given out today. He’s a solid backup big who just got a $34 million deal.
* Just to round out this theme, backup center Channing Frye was given a five-year, $30 million deal by Phoenix, which he accepted. The guy can hit 3-pointers and is a nice fit in the Suns system, but does that mean he worthy of a $30 million deal? Well, yes, today it does.
* LeBron James listened to pitches from the Nets and Knicks. Both teams had fancy power-point presentations. Jay-Z was there. So were a bank of cameras, complete with live remotes from ESPN — of the outside of a building where the meetings were being held. Friday will be more of the same with the Clippers and Heat visiting. But the process is not out of control. No sir. (Will the Clippers even have a power point, or is it a legal pad and a Sharpie?)
* Dwyane Wade had meetings with the Nets and Bulls, but we all know he’s going to stay in Miami and is still trying to recruit help there.
* Chris Bosh sat down with Miami’s Pat Riley, as well as representatives from the Nets. More meetings including Chicago are to come. But the dark horse in all of this is Houston — Bosh met with Daryl Morey, who gave him a personal iPad that had video testimonials from Yao Ming and others. If Bosh is serious about winning, Houston has to be considered (and they have plenty to offer in a sign and trade, maybe the best of Toronto’s options).
* Amare Stoudemire met with Pat Riley and the Heat for a couple hours and now has meetings scheduled with the Knicks, Bulls and Raptors.
* Joe Johnson reportedly has agreed to a max-deal offer of six years, $119 million from the Hawks. Another guy getting overpaid — a good player getting superstar money, and they will regret the last few years of that deal.