Kirk Hinrich Trade Note + Buyouts

Posted on January 31, 2010 by


Ian Thomsen reports

That’s why the Celtics made a run last month at acquiring Kirk Hinrich, who has three years (including this season) and $26.5 million left on his contract, an outlandish amount for someone who would be Boston’s third guard. But he would have resolved all of Boston’s backcourt issues while extending its defense, and so the Celtics considered offering spare parts for Hinrich before the Bulls decided they needed a high-quality player or draft pick in the exchange.

I’ve always been dubious about the Bulls willingness to trade Hinrich for expiring contracts. If that was the asking price he’d have been sold a long time ago. Also, it’s not their GM’s M.O.

The Bulls want talent in exchange for talent. It’s a mindset that will hurt them in the long run but it appears they’re sticking to it for now.

Buyouts

Also from Ian Thomsen’s article

“This might be one of the greatest buyout seasons ever,” another GM said. “Think about your savings: You have a $10 million player, and you save $800,000 by buying him out so he can go play for a contender. That $800,000 is going to mean a lot to teams these days, especially if you’re paying a luxury tax on that guy.”

Here is the list of teams who are over the cap — Lakers, Mavs, Celtics, Knicks, Cavs, Magic, Spurs, Wizards, Nuggets, Suns, Jazz, Hornets, Heat, Rockets.

The only team on that list who isn’t playing for something are the Washington Wizards. Everyone else will be holding onto their valued players.

There may be a good number of buyouts this season but the luxury tax will not be an important factor.

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