By Craig Kwasniewski
Varejao flops his way to a contract extension.
Charlotte did their own version of drunken ebay bidding last night when they reached an agreement Tuesday on a three-year offer sheet Anderson Varejao.... for 3-years at $17.4 million!!!
Based on his career average of 5.8 ppg., the Bobcats offered him roughly $1 million per point. Using that logic, the Bobcats payroll should be around $92.4 million, matching their season average (BTW - according to hoopshype.com the Bobcats payroll is $52 million). That kind of offer falls into Isiah Thomas range for financial insanity.
Yet some websites and news organizations are claiming victory for Cavaliers GM Danny Ferry if he matches the Bobcats offer for Varejao. What the hell are they thinking? $6 million per for a 6-10 Brazilian version of Mark Madsen? $6 million per for a flopping, euro-style role player? $6 million per for the statistical equivalence of (based on basketball-reference) Jeff Foster, Andrew DeClercq and Jerome Williams?
Active, hustling players with limited talent are a dime a dozen in the basketball world. Combine this terrible contract offer with what the Cavs owe to Larry Hughes (3-years, $38.5 mil), Eric Snow (2-years, $14 mil.), Donyell Marshall (2-years, $11.5 mil.) and Damon Jones (2-years, $8.5 mil.) over the next few years and I guarantee LeBron will pull a Kobe and demand a trade this summer if the Cavs fall far short of last season's success.
It's not too soon for Knicks fans to start buying #23 jerseys for the 2010/11 season.