Moratorium Day 2: Deals Get Done... Kinda Sorta

Apr 7, 2012; Milwaukee, WI, USA; Portland Trail Blazers guard Jamal Crawford (11) shoots during the second quarter against the Milwaukee Bucks at the Bradley Center. Mandatory Credit: Jeff Hanisch-US PRESSWIRE

When the free agency moratorium opened at 12:01 AM eastern time on July 1st, teams began to make the obvious moves: offering stars extensions, calling top free agents, and locking up key guys. The Clippers offered extensions to their two All-Stars, and made several phone calls to unrestricted free agents like Jamal Crawford, Ray Allen, and Jason Terry. They also expressed interest in retaining Chauncey Billups.

So, in the wee hours of Sunday morning all the way through the afternoon, deals got done... kinda sorta. Players can't officially sign contracts until July 11th, when the moratorium ends. Nevertheless, while no papers were signed today, agreements were still made. Now, I don't know about you, but something about "he has agreed to sign in 10 days" makes me nervous. Welcome to the NBA free agency period, where a LOT can happen in ten days.

In the end, we saw some action yesterday, but with nothing major regarding the Clippers or any star players went down. Most big free agents will likely hold out on making a promise until near the end of the moratorium, after they have met with several teams and weighed all of their options.

The biggest Clipper-related story out of yesterday is that they are in advanced talks with Jamal Crawford, the unrestricted shooting guard coming off a one-year deal in Portland. The Clippers are also expected to retain unrestricted guard Chauncey Billups using his bird rights, and either guard Randy Foye or swingman Nick Young using their free agent rights.

The Clippers also offered extensions to Blake Griffin and Chris Paul. Griffin, who is eligible for a 5year/95 million dollar extension, is expected to sign. Paul declined a 3 year/60 million dollar extension because next summer he is eligible for a greater contract worth 110 million over five seasons.

Here's the agreements that were reached yesterday:

  • Omer Asik (CHI) to sign a three year offer sheet worth 25.1 million with the Houston Rockets. The Rockets are backloading the contract so the last season is worth drastically more than the first two, making matching very difficult for the Bulls.
  • Andre Miller (DEN) quietly agrees to re-sign with the Nuggets for 3 years at three million a piece.
  • Lavoy Allen (PHI) has agreed to re-sign with the 76ers for 2 seasons at three million per.
  • Gerald Wallace (BRK) returns to the Nets in principle with a monster 4 year/ 40 million dollar deal.
  • George Hill (IND) resigns to the Pacers for 5 years at an undisclosed rate.
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