Varejao Re-Signs with Cleveland Cavs: Danny Ferry Must Be Horrible at Poker

(Photo by Gregory Shamus/Getty Images)

Fegan won this game of no-limit poker.  In a market where the salary cap is going to be LOWER than last year, and you have the class of 2010 on the horizon, why would you spend excessive amounts of money now?

Danny, I know you are worried about LeBron.  If he is as fickle as to snatch up cameras because he got hammered on, you know he will leave CLE on a whim for his chase for the golden ticket.  For that, I can see why you might have panicked, but just continue to have the poker face, and never let then see you sweat.

See, this was a good move for Ferry in 2007.

After months of being unable to get a deal done with the Cavaliers, Varejao accepted a three-year, $17.4 million offer sheet from the Charlotte Bobcats late Monday, Varejao's agent, Dan Fegan, said. The deal has an opt-out clause after two seasons, which is the key part of the deal. (Ohio.com)

You played hardball, and you resigned him at an affordable rate.  Now, Fegan deserves props too.  he used his old connections with Rod Higgins to get the Bobcats to offer the sheet in the first place.  Without the offer, Ferry holds all the cards.

This year is different, because AV used the parachute in his contract to void the final year, but Portland and Memphis are the only teams with cap space that will go above the MLE, without involving a sign and trade. 

You might not hold the nuts, but you have a pretty good drawing hand.  Just like Matt Damon's character Matt McDermott got his law professor to win a big hand with a busted straight draw, Danny Ferry could have gotten Dan Fegan to fold and accept a smaller, more reasonable deal.

I thought that GM's and owners learned that the only players worth extending more than three or four years are bona fide superstars, or players with reasonable deals.  This is not one of them.

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