Wizards face financial check on their commitment, don’t blink
NBCSports.com’s Dan Feldman is grading every team’s offseason based on where the team stands now relative to its position entering the offseason. A ‘C’ means a team is in similar standing, with notches up or down from there.
There’s a simple plan for getting good in the NBA:
1. Be bad
The Wizards executed step two this summer.
More quietly and less deliberately, Washington achieved the result Sam Hinkie’s Process aimed for. Between 2009 and 2013, the Wizards lost their way into picks Nos. 5, 1, 6, 3 and 3.
They didn’t always get it right. They traded the No. 5 pick in 2009 for Mike Miller and Randy Foye, who each spent one forgettable season in Washington before departing. They drafted Jan Vesely No. 6 in 2011.
But those failures only ensured Washington would get more bites at the apple with high draft picks. The Wizards emerged from their downturn with John Wall, Bradley Beal and Otto Porter.
That trio led Washington to its best season (49-33, reaching Game 7 of the second round) in nearly four decades. Now, the Wizards are covering the costs of continuing the run.
After signing Beal to a max contract last summer, Washington matched a max offer sheet for Porter (from the Nets) and inked Wall to a super-max extension this summer. Those three are guaranteed a whopping $418,157,188. The Wizards are on track to pay the luxury tax for the first time in franchise history.
And the spending didn’t end at just their top players.
Washington also traded the No. 52 pick for Tim Frazier, who’s cheap for a backup point guard at $2 million but costlier than the second-round pick would have been. Though we’ve said it about others before, Frazier could shore up those minutes behind Wall.
The Wizards spent a portion of the mid-level exception to give Jodie Meeks a two-year, $6,744,500 contract with a player option. I didn’t love that deal nearly as much. The 30-year-old Meeks has missed 147 games the last three years. But, if healthy, the sharpshooter should help.
More importantly, signing Meeks rather than a minimum player signals Wizards owner Ted Leonsis’ commitment to winning.
The spending hit its limit when Washington restricted free agent Bojan Bogdanovic got $12 million guaranteed in a two-year, $21 million deal with the Pacers. Still, the Wizards are headed toward a payroll unprecedented for them.
They aren’t guaranteed to pay the luxury tax, which is assessed the last day of the regular season. They could try some funny business to dodge the tax, like dumping Jason Smith and not carrying a full roster throughout the season. Daniel Ochefu and Sheldon Mac are guaranteed just $50,000.
But Washington’s most direct path under the tax line is trading Marcin Gortat or Ian Mahinmi. The well-paid centers are redundant, to the point Gortat indicated an expectation he’d be traded. Smith can easily serve as the full-time backup center, and Markieff Morris can also play the position. Porter slides to power forward in some of the team’s most effective lineups.
Gortat and Mahinmi probably hold negative trade value, though. The 33-year-old Gortat has declined the last few years and is still owed $26,347,827 over the final two years of his contract. Mahinmi, 30, missed 51 games last season. His injury risk is considerable for someone with three years and $48,055,846 left on his deal.
If the Wizards knew which center they could rely on, they might bear the significant cost of unloading the other. But they can’t know. Gortat and Mahinmi are insurance for each other.
The worst thing Washington could do is trade the wrong one and wind up with no effective centers when it matters most – which is a far more favorable dilemma than what the Wizards could’ve faced. They could’ve used being strapped with Gortat and Mahinmi as reason for letting Porter – a young player who’s awesome in his role – walk.
Instead, they head toward the season with all three – stronger on the court because of it.
Washington has changed how the franchise is discussed, winning three playoff series in the last four years and going .500 the other season. Wall (26), Beal (24) and Porter (24) are young enough to keep advancing the conversation.
Washington probably won’t have cap room any time soon, but flexibility is inherent in winning, which lifts players’ values. A lengthened run – fortified by this summer’s spending – could also pay off years from now.
The roster didn’t change much, but keeping that chemistry proved costly. Credit Leonsis for committing.
Offseason grade: B-