I don't think we know for sure why Bonzi isn't signed yet, but I don't think the hold-up is on the Kings' end.
Bonzi's agent, like all agents, wants to make sure he gets the very best deal possible for his client. And his client, seeing what other guys have gotten - thanks, New Orleans
- has to be wanting to see just how much he's worth.
I think the Kings made a bona fide offer to Bonzi, probably not the highest they were actually willing to go but a good opening gambit. I think Phillips responded with a counter-offer that was most likely more than Petrie was willing to go. Now, I think Petrie - knowing the market - is waiting to see if Phillips will back off a bit.
I do think this is dragging on longer than Petrie likes and I fully expect at some point Petrie will say enough is enough and make an "expiring offer" that pretty much says either Bonzi accepts it or we say thanks for the memories. At that point, the onus will be on Bonzi to tell his agent to accept the Kings or he'll be looking at the MLE from another team.