HANG TIME SOUTHWEST – Early into this free-agency period there was hand-wringing over the alleged travesty that superstars commanding the highest salaries were being prodded to take less money for the good of the team.
And certainly under the current salary-cap structure of the collective bargaining agreement, if highly paid players want to band together, but also expect to have funds available to sign quality role players, the price (as dictated by the current salary-cap structure) is settling for less than market value.
James Harden didn’t want to settle so Oklahoma City traded him to Houston. In Miami over the last two weeks, we saw how steep of a cut each of the Big Three (and really Chris Bosh and Dywane Wade) were in for if the group was to stay together and have a legitimate shot at signing a difference-making-type player such as Kyle Lowry or Marcin Gortat.
If superstars opt not to form super powers and the top-tier talent spreads to more teams (the goal of ownership in this CBA) than they can all collect their max money. LeBron James is expected to get his max deal, roughly $21 million next season by leaving Miami for Cleveland. Bosh’s loyalty to the Heat (aided by not having to pay James) was rewarded with a maximum $118 million over five years and Carmelo Anthony will accept a deal close to the max, reportedly about $120 million over five years, from the New York Knicks.
The next tier of talent has also done quite well this summer. Lowry re-upped with Toronto for $48 million over four years, almost doubling last season’s take. Gortat re-signed with Washington for $60 million over five years. He made $7.7 million last season and is 30 years old. Not bad if you can get it.
The Utah Jazz on Saturday matched Charlotte’s aggressive offer sheet of four-years and $63 million for 24-year-old small forward Gordon Hayward. He’ll earn more next season, about $14.7 million, than he did in his previous three seasons combined ($11 million). The Dallas Mavericks have made Chandler Parsons, 25, a rich man with their three-year, $45 million offer sheet that Houston has until Sunday night to match or pass. Neither player has ever been an All-Star, yet both will get paid like one.
It’s theme of the summer. Players at every level of the talent hierarchy are cashing in big. Why? It’s simple: The big fish, as long as they swim their separate ways, are going to get paid, while this league-wide run for cap space has greatly inflated salaries for a widening middle class. It’s produced eye-opening contracts such as these: Jodie Meeks (Detroit), three years and $19 million; Jordan Hill (L.A. Lakers), two years and $18 million; Darren Collison (Sacramento), three years and $16 million; Nick Young (L.A. Lakers), four years and $21.5 million; Chris Kaman (Portland), two years and $9.8 million; C.J. Miles (Indiana), four years and $18 million; Ben Gordon (Orlando), two years and $9.8 million.
The CBA hammered out during the lockout of 2011 placed a premium on cap space. Harsher luxury tax penalties and tighter controls designed to restrict roster flexibility for tax teams has created a much larger pool of teams than ever before that strategically plan to create maximum cap space each summer to dive into free agency and chase max-level free agents.
Only there aren’t that many big fish, far fewer than there are now teams ready to pay team. It leaves an overload of cap space around the league that must be spent and this summer role players — the league’s middle class — are reaping the benefits.
Any player it seems who has been in the league a handful of years can turn his nose at any offer starting at less than $4 million. Thirty-seven-year-old Vince Carter wanted to return to Dallas, which was offering $2.73 million for next season. So he took the $4 million ($12.2 million over three seasons) Memphis showed him.
And then there’s free-agent shooting guard Thabo Sefolosha coming off an awful year shooting and who twice fell out of the Thunder’s rotation during the playoffs. He secured a raise from Atlanta — three years and $12 million.