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Breaking Down The Odom Situation
16th July, 2009 - 12:16 am

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by Brandon Hoffman

The L.A. Lakers have retracted an offer to Lamar Odom. According to the Los Angeles Times, the Lakers offered Odom a deal for $9 million a season for four years at $36 million, or $10 million a season over three years for a total of $30 million, but Odom and his agent, Jeff Schwartz, have been unresponsive. Upset at the stalemate, Lakers owner Jerry Buss broke off all negotiations. Schwartz is reportedly seeking a five-year, $50 million deal.

I think Buss is taking the negotiations too personally. It's one thing to trade Shaquille O'Neal to the Heat a year after he screams "Pay me!" during a preseason game, or lay down the hammer on Trevor Ariza's agent when Ron Artest is waiting in the wings, but as Lakers GM Mitch Kupchak noted just five days ago, there's "no replacement for Lamar Odom."

The Lakers have committed $83.8 million in salary for the upcoming season, so finding equal value for Odom through free agency is impossible. A sign-and-trade is almost certainly out of the question as well since the Lakers would have to take back comparable salary, and the chances of them receiving equal talent in return are just as slim.

All that said, neither side is negotiating from a position of strength. Odom hasn't received a better offer elsewhere. Miami and Dallas have expressed interest, but the most they can tender is the mid-level exception ($5.8 million). It looks like Schwartz is trying to leverage the Lakers into offering a five-year extension, but until Utah matches Portland's offer for Paul Millsap, the Lakers can sit back and call Odom's bluff, even though their hand is weak.

However, if Utah matches Portland's offer, as expected, the pendulum will swing in Odom's favor since the Blazers could offer him the five-year, $50 million contract he's seeking. In fact, I'm surprised Blazers GM Kevin Pritchard hasn't turned his attention to Odom. Acquiring Odom would bolster Portland's frontcourt, plus hurt a conference rival. And not just any rival.

Everyone knows the Lakers and Blazers are expected to become the league's next big rivalry. Signing Odom would help Portland level the playing field with the Lakers, who have had more than their fair share of problems with the Blazers in recent years.

At the worst, the Lakers force a conference rival to burn all its cap space on Odom. At best, they re-sign Odom and retain their status as the odds on favorites to win the title next season. One thing is certain: We won't have to wait too much longer. Utah has until Friday to match Portland's offer.

The Strange World of NBA Contract Incentives

Brandon Hoffman is a contributing writer for RealGM. To read more from Brandon, check out his blog at BallerBlogger.com. You can also email him at ballerblogger@yahoo.com or follow him on Twitter.


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