WindyCityBorn wrote:I can’t even imagine how boring it must to still be discussing Giddey and Kuminga
I think the interesting part is that they, along with Cam Thomas and Quentin Grimes, are still restricted free agents at this late stage in the offseason. Seems a little unprecedented doesn't it? I'm not paying super close attention, but my impression is that, historically, these mid-tier guys are getting offer sheets pretty early in free agency. None of these guys deserves the massive contract they are demanding but are probably worth more than whatever their qualifying offer is. Since no other team is offering big bucks, do they take a multi-year offer with their current team, with an AAV above the QO, yet well below what they're requesting? What if they get injured next season? A guaranteed $15mil AAV across 4 or 5 seasons is certainly more money than $11mil + whatever contract coming off an injury. Maybe they're not the same player. Maybe they don't get injured and enter UFA and earn a huge salary. It's a risk to take the QO when you could otherwise be guaranteed tens of millions. I'm thinking about Dennis Schroder who turned down $84mil over four years and ended up signing for $6mil (+$15mil totaling roughly $21mil across those same 4 years) I'm also thinking about Juan Soto who turned down $440mil and signed for $765mil. It could go either way, but (I know it's a different sport) I'm not sure Giddey is in a position to bet on himself too much. If no one is offering him $25mil AAV now or whatever he wants, why should he get more as an UFA? Maybe teams will have more cap space and there will be fewer free agents, I don't really know the landscape. I feel like the Bulls have all the cards with Giddey and could lowball him for multiple years. But maybe he just takes the QO.
I think this situation is actually pretty interesting. A couple years ago, MLB free agents like Xander Bogaerts, Carlos Correa, Jacob DeGrom earned massive contracts that they're all pretty much underperforming to various extents, when much, MUCH cheaper players could fill the same hole. Now, those sorts of players are signing 'prove it' deals or certainly well below what they expected. Below is an article that briefly discusses it, but MLB teams seemed to be more cautious after that.
https://fantasyindex.com/2024/03/19/fantasy-baseball-index/scott-boras-failed-to-deliver-for-his-clients
The sunk cost is obviously more impactful in basketball with a salary cap, so I imagine front offices are even less keen on giving big bucks to guys who might not move the needle so much. If I'm the Bulls, I offer Giddey a $75mil/5 year contract and see if he takes it. Or something around there. $80mil over four years max. No need to negotiate with yourself, so what if he leaves in free agency. Caruso turned into Giddey, you can just get those guys in free agency anyway.