When $3 Million is Worthless

Roy Hibbert: 4 years, $58 million
Nic Batum: 4 years, $45 million
Gerald Wallace: 4 years, $40 million
Omer Asik: 3 years, $25 million
Landry Fields: 3 years, $19 million
Brandon Roy: 2 years, $10.4 million

A small sampling of contracts agreed to during the first five days of the offseason. Mat was under the impression that, with the new CBA in place, NBA owners were going to control themselves, maybe even seize an opportunity to tell free agents "I'm sorry, but salaries have to come down with all the new rules," even if it wasn't necessarily true for their team.

Expecting responsibility from NBA owners was foolish on Mat's part, obviously, and the contracts signed so far have extinguished any notion that non-superstars would have to expect less money in The New NBA. The free agency period has made it so a 4 year, $30 million deal for Jeremy Lin, he of the 25-or-so good games, seems startlingly reasonable.

What this means for the Bulls is that they're not going to be able to make waves with the $3 million taxpayer mid-level exception. The only player of note who has signed in their price range is Jason Kidd, who signed a three year deal worth $9 million that will make him a Knick through his 58th birthday.

If they're lucky, Kirk Hinrich (who Mat thought might be a contender to take a discount at the veteran's minimum) might take a discount to sign at the full mini-MLE. Maybe Ramon Sessions will be left with nowhere else to sign when the dust of free agency settles. Still, those seem like awfully big maybes.

What this should mean for the Bulls is that C.J. Watson is brought back, because they're almost certainly not going to find a better point guard for less than Watson's $3.2 million salary. Mat thinks Paxson and Foreman should take a hard look at guaranteeing Ronnie Brewer's contract, too, because bench help is going to be difficult to sign.

It also might mean management is right to avoid the luxury tax unless you know you're a contender. With just $3 million to wield in this sort of an environment, making significant moves to upgrade your team without giving up an important piece becomes nearly impossible. The Lakers were able to add Steve Nash, but that's because Nash turned down $11 million more from Toronto and LA happened to have a trade exception from the Lamar Odom deal.

There's a difference between cheapness and maintaining flexibility. If the Bulls let go of Korver, Watson and Brewer with few means to replace them, if they release those guys and add a Kirk Hinrich and call it an offseason? That is cheapness, because they're doing nothing but making the team worse for next season.

If, going forward, they try to avoid the tax for non-significant upgrades so that, when the time comes, they can add a Jason Terry instead of a signing a decaying Jason Kidd to a long-term deal? That might be the price of business in The New NBA.

That, and $40 million over 4 years for Jeff Green. (You're killing Mat, NBA owners.)