The initial throes of NBA free agency occur in an odd limbo state, with a flurry of agreed transactions awaiting confirmation on July 10, the end of the league's moratorium on signings. In this limbo, the offseason has already seen an array of trades, bidding wars, re-signings and instances of "taking-my-talents-to."
With news around the league coming furiously by the hour, let's pause for a moment and examine which deals have yielded the best value so far in free agency, and which have left some fans holding their noses.
The value of free-agency signings can be measured in a variety of ways: dollar value relative to production, dollar value relative to market rate, years relative to age, player's fit in rotation, player's fit in franchise plan, etc.
Considering the stringent new collective bargaining agreement, buyers in the offseason must seek to address their needs while remaining frugal, as one bad contract can severely hamstring a franchise for years (see: Hedo Turkoglu, Amar'e Stoudemire).
Value is paramount.
With the above variety of factors as our criteria, here are nine of the best and worst free-agency values so far this offseason. Let's see who landed the sweetheart deals and who got fleeced.