Honestly I don't care how long Bledsoe holds out.  He is probably smart to do so.  For all we know Milwaukee has given him an offer sheet but it isn't enough, so they are trying to trade Ilyasova for a 2nd rounder to clear max room.  Or maybe Detroit has told him they may let Monroe walk (or S&T him for a pick), so don't sign yet because we would give you an offer sheet.
The Detroit scenario is unlikely, but the Milwaukee one could be fairly likely.
Other things could happen too.
There is no hurry for him or us, especially if he is demanding a $13-$14 million.  At this point we can't budge...we have to wait for them too.
They lose leverage by the day but we don't.  They may gain some if a team clears cap space, but that's it, and that would also require him possibly having to go to Milwaukee.
Pekovic held out until mid August last year.  The Wolves finally went up to 4/48 on August 13th, and they finally settled on 5/60 the next day.
I guess they had originally started at 4/40, which is probably about where we started.  
The Wolves were in ongoing negotiations for most of the summer with their restricted free agent. Previous reports indicated that Saunders had offered a four-year deal worth roughly $48 million, but Pekovic's agent was pushing for $60 million over the same time frame. It seems the two sides met in the middle, as Pekovic will be able to earn $20 million more than the Wolves reportedly originally offered, but he'll now be tied to the Wolves for an extra season.
http://www.sbnation.com/nba/2013/8/14/4 ... mberwolvesThe Pekovic deal ended up being an overpay, particularly since him nor Love can guard the rim, and now that they have Dieng, they'd probably be happy to get rid of Pekovic.
I don't really care how long he holds out.  I just hope our FO remains firm unless they have to make a decision because of an offer sheet from another team.