Wiz Acquire Hinrich, Seraphin, $3M for Veermenko's rights

[Hoopalotta]

Actually, I'll say this:

We screwed up our cap situation, but if you consider that Hiney's worth half his salary, factor in the lockout as eating half of his second year and put OKC's pick as beign $3 million, we didn't put out much more value than they did.

I'd have it as that we paid $6.5 million in "value" while they payed $5.1 million (in this case I'm considering Cook to be an absolute zero as a player).

Trouble is our "value" was coming out of cap space rather than a high second, which is expendable.

Hollinger is not really giving a fair picture. Not saying that makes it a good deal, but there's a distinction to be made.

[Dat2U]

Actually, I'll say this:

We screwed up our cap situation, but if you consider that Hiney's worth half his salary, factor in the lockout as eating half of his second year and put OKC's pick as beign $3 million, we didn't put out much more value than they did.

I'd have it as that we paid $6.5 million in "value" while they payed $5.1 million (in this case I'm considering Cook to be an absolute zero as a player).

Trouble is our "value" was coming out of cap space rather than a high second, which is expendable.

I know your trying to put a positive spin on this but... your post is a bit of a s t r e t c h.

[20MexicanosIn1Van]

Jamison for cap space, Butler/Haywood for cap space, Garnett for cap space, etc. The Jamison and Butler trades weren't absolute grand slams for the other teams (if Lebron didn't choke in the playoffs, the Jamison example would be a lot more poignant), but it seems to me that these type of trades work out a lot more frequently than FA signing. Heck, it seems that at least half of the time teams end up regretting their FA signing half way into the season (Magette, Brand, Gordon/Villeneuva, etc)

Garnett was not traded for cap space. Al Jefferson is not cap space. He's not Garnett, but he is NOT cap space.

So we have 2 examples so far, and both were made by us. Unfortunately we can't trade Arenas to ourselves, shoot! (no pun intended)

Forgot about Al, my mistake.

[sfam]

I don't get the hate for this deal. It was a pipe dream to expect Melo to come here. We're developing our own stars. And its not Arenas that this deal is points to leaving, its Nick Young. Hinrich is a massive upgrade over Young, so yeah, I'm happy with this. Besides, we aren't going to contend this year or next. Its about getting picks. The real question is do we get someone good here or another Pech?

[Hoopalotta]

More bad news:

mr_jasonjones RT @samickFanHouse: A league source says Kings have no interest in the Hinrich/No. 17 deal, and it's likely Chicago smokescreen 4 leverage.

So we did just open up Pandora's box all by our lonesome.

[Chocolate City Jordanaire]

Guys I will repeat this since no one seemed to notice or care. Hollinger blasted the deal in a tweet. Later in a chat he said he recanted his criticism because he heard there were additional considerations (presumably coming from the Bulls to the Wizards). So maybe we need to wait and see if at least there's a little sugar coming the Wizards way with this deal.

Ernie gets lube and knee pads? Maybe they call his cab for him?

Seriously, Ben, I'm just having fun with this. Maybe there's something else to the deal to make it a lot more palatable than it appears to be at face value.

Wonder what Hollinger heard ...

[Benjammin]

If the Wizards also had to pay $3million then I have to say EG and TL really did get taken to the cleaners. Hinrich doesn't have positive value right now relative to his contract. He's not quite as bad as some would make him out to be in this thread, but he hasn't shot well the past few years, that is definitely true.

[Hoopalotta]

Some possible good news:

johnhollinger Recanting last Tweet re:Wizards pending further information; I'm told there may be other considerations involved.

[JWizmentality]

I find it hard to believe Ted signed off on this one. There has to be more to it. There just has to be.

[Induveca]

I think Leonsis/EG with the acquisitions of Hinrich/Childress are trying to surround some very immature guys with maturity. Just having Childress and Hinrich alone will create a much different locker room vibe.

I'm sure they were nervous having Blatche/Arenas/Young alongside Wall. We needed some mature veterans. I'm not a huge fan of the deal, but I'm happy we're getting a consistent player in the locker room. I'm also positive this does not mean Arenas is on his way out. Hinrich is a great backup for both Arenas and Wall.

Wall and Arenas will not be 40+ minute a night players on Leonsis' watch I would suspect. The man knows how to protect his investments, as evidenced by his vast wealth and AOL's financial implosion over the past 12 years (his initial source of wealth, protected his investment very well).

Hinrich is just a more than capable backup which allows us not to run Wall into the ground in his first season, and not expect Arenas to play 40 minutes a night after 4 years of issues. Bye bye Nick Young.

[JonathanJoseph]

Jamison for cap space, Butler/Haywood for cap space, Garnett for cap space, etc. The Jamison and Butler trades weren't absolute grand slams for the other teams (if Lebron didn't choke in the playoffs, the Jamison example would be a lot more poignant), but it seems to me that these type of trades work out a lot more frequently than FA signing. Heck, it seems that at least half of the time teams end up regretting their FA signing half way into the season (Magette, Brand, Gordon/Villeneuva, etc)

Garnett was not traded for cap space. Al Jefferson is not cap space. He's not Garnett, but he is NOT cap space.

So we have 2 examples so far, and both were made by us. Unfortunately we can't trade Arenas to ourselves, shoot! (no pun intended)

Not only was Garnett traded for Jefferson and picks (which is so far from being a salary dump it's a comical suggestion), but how can Wizards fans of all people not realize that Grunfeld ROBBED Dallas and Cleveland by getting them to take Butler and Jamison off our hands. Two horribly overrated players who made their team's worse.

[JWizmentality]

Some possible good news:

johnhollinger Recanting last Tweet re:Wizards pending further information; I'm told there may be other considerations involved.

Unless there's another team involved, I fail to see how Chicago could possibly sweeten this.

[20MexicanosIn1Van]

I think we have to wait to see what we do with Hinrich and the pick before evaluating this deal.

If we trade him to the Lakers for Vujacic (expiring) and picks then I like it. We basically get free picks.

If we trade the 17, Hinrich, and our other picks in this draft to the Pacers (who desperately need a PG) for the number 10 then I like it. We basically get the number ten for nothing.

If he eats up Walls minutes for two years, we let his contract simply expire, and waste the pick then I hate it.

[Dat2U]

More bad news:

mr_jasonjones RT @samickFanHouse: A league source says Kings have no interest in the Hinrich/No. 17 deal, and it's likely Chicago smokescreen 4 leverage.

So we did just open up Pandora's box all by our lonesome.

Ernie getting taken to the cleaners again. Unbelievable.

Is Teddy sleeping on the job? What's going on here?

[Spence]

It doesn’t look like a great trade for the Wizards right now, but we don’t know what else is happening tonight. If a really valuable player falls in the draft and the Wizards get him at 17, the deal will look a lot better. If the Wizards are able to use that 17th pick as part of a deal to move up and grab another top player in the lottery, this trade will look a lot better. I don’t think this trade can be fairly evaluated until we see what else happens tonight.

[fishercob]

Some possible good news:

johnhollinger Recanting last Tweet re:Wizards pending further information; I'm told there may be other considerations involved.

Unless there's another team involved, I fail to see how Chicago could possibly sweeten this.

A future first?

Why is it a foregone conclusion that (a) Lebron and Bosh sign in Chicago and (b) everything works out hunky dory and they win 65 games next year. Maybe they get Joe JOhnson and Boozer and they win 50. Maybe someone gets hurt.

I just want to wait until we have the full picture on this deal -- including who we get with the pick -- before deciding if I like or hate it.

[jivelikenice]

The overreaction here is moronic!. I don't know why people just don't understand that we were not going to be active this year because of the lockout and probably next year with the lockout looking. Aside from that Melo was the only attractive max type player who MIGHT hit the market and do you really want to put all your eggs in on basket i.e. the Knicks??

1. We got an additional 1st rounder in a deep draft
2. Hinrich is going to bring toughness, shooting, and defense to the backcourt.

This trade allows us to be competitive while we rebuild. The goal was not to win a championship in two years, it was to build with a solid foundation in place and this trades adds to that. Hinrich add respectability now to the team and some veteran leadership and has a contract that's easily moveable next summer IMO.

[Silvie Lysandra]

Monster move. Why are we knocking this? Seriously, this is a GREAT move.

Okay, put down the crack pipe - we're not getting Carmelo (and I don't think he's a 1st option on a title team), and we're not getting Durant. Okay? Okay? Now that that's settled, there's nothing wrong with taking back semi-bad contracts in order to get more assets. And it's only 2 years, it becomes a nice expiring next year that we can actually use in a trade, instead of betting the farm on a big FA in 2011.

The fact is, nobody was trading lottery picks for BOYD, except teams that were offering even worse contracts. AK + 9 for cap space turned out to a pipe dream. The mid-high lottery teams are choosing to hold on to picks. This was not a bad deal considering the circumstances.

Meanwhile, Hinrich is at worst a useful player who can tutor Wall, and he's actually been somewhat useful for the Bulls.

[fishercob]

It doesn’t look like a great trade for the Wizards right now, but we don’t know what else is happening tonight. If a really valuable player falls in the draft and the Wizards get him at 17, the deal will look a lot better. If the Wizards are able to use that 17th pick as part of a deal to move up and grab another top player in the lottery, this trade will look a lot better. I don’t think this trade can be fairly evaluated until we see what else happens tonight.

Stop making sense. That's not appreciated in these parts and you know it.

[Hoopalotta]

So.. theoretically how quick can we flip him? I know many teams out there are looking for a point guard like off the top of my head indiana. I'd assume we couldn't make any trades involving hinrich with a third party at this point for the same reason the trade isn't official. How soon can we do this? I only ask because of the possibility of another move coming.

Whoa, hadn't thought of that. Yeah, maybe Indy would give up expirings for Hiney, especially if we got them under the tax.