YOU ARE BETTER SERVED LISTENING TO SMART PEOPLE UPDATE: Check out KnickerBlogger‘s analysis on today’s two deals. Their verdict: Mostly meh, with a side of “Wilcox should be better than Rose.”
UNUTILIZED GUNNER UPDATE: Stein is now reporting that Anthony Roberson is also part of the deal, headed to Chicago. He’s got a deal worth $855,189 that expires after next year, and appears to be added just to make the money stack up right.
CRUNCHING THINGS UPDATE: Wilcox is a $6.75 million contract expiring this year, meaning that the Knicks effectively flipped an injured center that never played for them, an old bad forward who never played for them, a relatively decent bench contributor and about $1.5 million total dollars for a big 2010 expiring deal and a two-month rental look at an energetic forward who represents a front-court upgrade over what they have on the bench (and who seems like an excellent fit in SSOL that could be a sort of David Lee-lite).
On its face, this seems to be a pretty good deal for the Knicks. But I’m sure I’m missing something — what is it?
ALSO: Here again is the inspiration for the headline.
UPDATE: Marc Stein at ESPN.com is reporting that the New York/Chicago deal is actually a three-way trade with Oklahoma City that would send Malik Rose’s $7.65 million expiring deal to the Thunder, Tim Thomas and Jerome James to Chicago, and Chris Wilcox and Larry Hughes to the Knicks. More as I crunch things.
Well, that’s what I get for taking like three hours to write 1,500+ words — just like that, the fruits of my labor get bumped down the page.
According to Yahoo! Sports writers Adrian Wojnarowski and Johnny Ludden (via the venerable J.E. Skeets’ Twitter feed), the Knicks and Bulls have agreed on a trade that sends shooting guard Larry Hughes to Manhattan in exchange for fugazy-hater Tim Thomas and everyone’s favorite morbidly obese thief, Jerome James.
Upon learning the news, the first thing I did (after registering my reaction via Twitter) was rush to the HoopsHype salary database to see how substantially this deal differs from the other proposals that were tossed around over the past 48 hours or so.
If my math’s right, in this configuration, New York sends out about $13 million in deals that expire next year (James’ $6.6M + Thomas’ $6.46M) in return for Hughes’ $13.65 million deal expiring next year, though James (out for the season with an Achilles tendon injury) may be forced to retire this off-season, in which case (I believe) insurance would pick up his 2009-2010 salary. Which would mean that the Bulls save just over $7.2 million on this deal and get a guy who, when he’s not completely dogging it and infuriating you with his inability to reach his potential, can hit shots and be a rotational player (talents he didn’t exactly showcase during his last stint in Chicago, though that probem may have been largely Skilesque).
Meanwhile, the Knicks get rid of one non-performing asset, but lose a somewhat valuable guy who’s been a contributor since he came here from the Clippers, all to get back, well, the guy who may be the most-hated non-superstar in Blogfrica. Hard to see this making too much sense, unless the Knicks are still planning to use Malik Rose’s $7.65 million expiring contract to turn into another piece.