NBA Roundtable

Hawks Offer Joe $120 Million

In Free Agency on July 1, 2010 at 9:04 pm

Update: Joe accepts — scroll down for link

Ken Berger reports

Joe Johnson will sit down for a second meeting with Hawks officials in Los Angeles Thursday and expects to make a decision on the team’s six-year, $120 million offer “in the near future,” his agent, Arn Tellem, told CBSSports.com.

“We met with the Hawks and Knicks [Wednesday] night and have heard a number of other teams with significant interest in Joe,” Tellem said in an email. “At this point, Joe has many great options to choose from. We plan to meet with the Hawks again [Thursday] to discuss the details of their offer and we hope to make a decision in the near future.”

Miami, Chicago, Houston, Dallas and the Clippers also expressed interest in Johnson. But the fact that he’s circling back to the Hawks so early in the process is validation of his desire to stay in Atlanta — and also his recognition that $120 million is a lot more than the $90 million or so the other teams can offer. That’s what the Knicks offered — a five-year deal at the max, the most that they could — according to a source familiar with the process.

Thoughts

I think this one is pretty much a done deal at this point. Nobody else can offer that much money and there is no hope that Joe earns that much when he is 34 on his next contract.

Also, this is a bad contract which has the potential to cause Atlanta massive problems down the road if they fail to acquire another star who pushes them into legitimate title contention.

Josh Childress

Once the Hawks sign Joe Johnson, they’ll be just $1.4 million away from the luxury tax threshold. Actually, they’re short a roster spot too, so it’ll be less than one million and possibly as little as $575k.

Ergo, the Hawks are wholly unlikely to match a Josh Childress offer. In other words, he is available and someone will likely pry him away from the Hawks this summer.

Note: Remember, Childress has a July 15th deadline on his European contract. He has to make a decision by that date on whether he will be in the NBA next season or return to Europe.

Link: Ken Berger

Ken Berger has some very interesting free agency articles that are worth checking out:

  • Free agent buzz – link
  • Free agent buzz update – link
  • Free agent buzz second update – link

Hoopsworld has a good free agent gossip tracker too – link

Joe Accepts

Sekou Smith has the update

Joe Johnson’s deal with the Hawks is done, per a source with knowledge of the negotiations. Knicks tried to change his mind but couldn’t.

Good article written by Arm Teller (agent) on his client Joe Johnson in the Huffington Post – link – hat tip to Sekou Smith for highlighting the article on his twitter account.

Advertisements
  1. 1. Yes, it’s a bad contract.

    2. If you’re Atlanta, however, and you want to remain relevant in the NBA, then, this is a player who your team absolutely MUST re-sign.

    Kudos to the Hawks for coming to this realization and then putting their money where their mouth is.

    PS. If need be, Atlanta will always be able to off-load Johnson on a legitimate title contender down-the-road, if things don’t pan out for the Hawks over the long term.

  2. Pair Of Links

    John Hollinger writes

    And in this case, I say, “won” in the most ironic way possible. The Hawks might have won the battle here, but as a result they’ll almost certainly lose the war.

    Economists often talk about a term called the “winner’s curse.” In any bid or auction situation, the person who wins the bidding is likely to be the one who most erroneously misgauges the value of the prize.

    Kevin Pelton adds

    Still, Johnson is expected to heavily decline by the 2012-13 season, when he’ll be 30. That will put him only halfway through the six-year contract Atlanta reportedly offered him yesterday. No matter the metric you use, second-tier wings have aged very poorly, and a long-term contract for Johnson could be a disaster for the Hawks.

    It’s not unreasonable to suggest that within a couple of seasons we will see Johnson’s contract as the single worst in the entire NBA because of its cost and its length.

Comments are closed.

%d bloggers like this: