I think Paxson learned his lesson with this. Just because someone else overpaid, it doesn't mean that you have to. I think the Bulls should have played super hardball, Varejao style.
Let's say we did that, do you think we'd really be any further ahead if we did that? What would have changed?
Chandler would have taken the QO and walked away as a UFA rather than being traded for PJ Brown. If you think the contract was a mistake then getting PJ Brown and 2nd rounders for Chandler to get out of it is still better than not signing him at all.