Here's the thing about cap space: I understand that it's very useful for more than just outright signings, and I would certainly prefer having cap space to not having it. But I think this once-in-a-century FA summer has affected people's perceptions of what you can do in FA. Try this exercise: Imagine the Wiz do get enough cap space for a max signing, either in 2011 or 2012. Who do you sign?
Take a look at the
Drafts since 2005. There really isn't much there. Who would you want to sign, hypothetically?
Well, the first guy is obviously Durant. Just re-upped with the Thunder. Off the market.
Next would be Chris Paul and/or Deron Williams (plus Derrick Rose). Except that we just got our Franchise PG of the future.
Brandon Roy? Signed through 2013, with Player (2014) and Team (2015) options after that. I suppose it's
possible that the Blazers might have a reason to trade him at some point, and any team trying to get him would need to have cap space to pull it off. But, um - longer than long shot, to say the least.
Bogut - nice player, signed through 2014. Any lingering effects from the injury?
Horford? Interesting. He'd be a good fit, IMO - but then we'd have a glut of young big men. Nice problem to have, FWIW. Still, he'll be restricted in 2011, no way the Hawks just let him go.
LaMarcus Aldridge? Already got one of those, wears #7.
Noah? Same deal as Horford, Bulls hold the cards and won't let him go.
Oden? Probably won't be available, but even so - you want to take that risk on a max deal?
Love, Lopez, Mayo, Green, etc. - nice players, probably won't come available, and not worth major money.
Wanna trade for Kevin Martin? Might be able to get him (right now has 3 yrs @ $12M per left). Is he better than Gil?
Iguodala? Ariza? Who else has come into the league in the past 6 years who would be a) Realistically available via FA or trade, and b) Worth the money & other assets it would take to get him?
Only one guy - Dwight Howard has an opt-out in 2012. After that, clearing the decks to create cap space is more likely to net you the next Amare (I think he'll flop in NY, frankly) or no one (like the Nets this summer).
Right now, I have to say that Arenas is still much more valuable than cap space and potential acquisitions (which may never materialize). If Ted's willing to spend the money, we're better off with Gil, because I really don't think we'll find anyone better anyway.