Why would anybody want Jim Paxson's job?
Paxson, the Cleveland Cavaliers' general manager, is being ripped for allowing forward Carlos Boozer to escape as a free agent to the Utah Jazz.
Boozer was a second-round pick by the Cavaliers in the 2002 NBA Draft. Despite being a three-year star at Duke, he was ignored in the first round because many NBA teams believed he was too unathletic and small at 6-foot-8 (which is his true height, though he is listed as 6-9) to excel at power forward. But Paxson saw Boozer's potential and signed him to a two-year guaranteed contract for $989,000 (more than the minimum salary awarded to most second-rounders) with a team option for the third year.
Boozer turned out to be a steal. He averaged 15.5 points and 11.4 rebounds last year and earned a spot on the U.S. Olympic team. But Boozer was apparently worried about his longterm financial future. That's why he asked the Cavaliers to cancel their option for next season and instead allow him to become a free agent. In that case, Boozer promised (according to sources -- and common sense) that he would then re-sign with the Cavaliers for as much as $41 million over six years, the maximum they could offer a free agent with fewer than three years experience under their salary-cap constraints.
Paxson held all the cards on this deal. He could have ignored Boozer's pleas and forced him to fulfill the team option at a salary of $695,000 in 2004-05. Next summer Boozer would have been a restricted free agent, giving the Cavs the right to pay him as much as they wished along with the ability to match any offer Boozer received.
Instead, Paxson and Cleveland owner Gordon Gund nullified their option. They gambled on Boozer's word and set him free. According to a source who was in the room at the time the verbal deal was struck, Boozer told Gund, "If you respect me by not picking up the option, I'll show trust and loyalty to you by signing with you."
But instead of keeping to his word, Boozer agreed this week to a six-year, $68 million contract with Utah. (I tried, through a variety of sources, to give Boozer's agent, Rob Pelinka an opportunity to respond, but I was unable to reach him.)


