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Saturday, January 8, 2011

Rumored Richard Hamilton deal is alarming

News broke Friday that the New Jersey Nets are trying to incorporate the Pistons into a three-team deal involving Denver and Carmelo Anthony.

The Nets reportedly offered the Pistons the expiring deal of Troy Murphy and Johan Petro for Richard Hamilton and Detroit’s first-round pick.

Two things make it clear this deal won’t happen: One, Detroit is not giving up its first-round pick, which is currently on pace to be, at minimum, a top-10 selection. Two, the Pistons don’t want to take on Petro who, after this season, still has two years and nearly $7 million left on his current deal.

The thing that makes this rumor remarkable to me, is how low Hamilton’s value really is based on this trade rumor.

Hamilton is a former All-Star and world champion and has led the Pistons in scoring the last eight years.

It’s clear Hamilton’s current deal (which still has two years and more than $25 million left) is, to put it mildly, bad, but think about the Nets’ offer.

In order to take on Hamilton, the Nets want the Pistons to give up a first-round lottery pick and want to unload Petro and his bad deal on Detroit.

And to top it off, the Nets called the Pistons thinking Detroit would be interested in the deal. How far has Hamilton’s value really dropped if that’s the type of offers the Pistons are getting?

The Nets are rumored to be interested in Hamilton because they hope it will help lure Anthony and persuade him to signing a extension. The Nets won’t trade for Anthony, who has an expiring deal, unless he agrees to an extension first.

If the Nets get desperate, they could offer Murphy and his expiring deal straight up for Hamilton. The Pistons would likely jump on this offer, and should.

Detroit would enter the offseason with plenty of flexibility. Tayshaun Prince, Chris Wilcox, Tracy McGrady, and Murphy will all be unrestricted free agents, while Rodney Stuckey and Jonas Jerebko will be a restricted free agents.

Of course, the cloud hanging over all that is the expiration of the current collective bargaining agreement at the end of the season. But things would still be looking up if the Pistons could find a way to unload Hamilton’s contract without taking on any bad deals in return.


Blogger c note said...

I agree with what you said. I wrote the same in my blog.
Just Sports & Just Us

January 8, 2011 at 8:58 PM 

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