Garcia extended: 5 years, $29.8 million

[nbrans]

I'm sorry, but that is way too much money for Garcia. Who was going to swoop in and pay him more?

The Kings' push to secure a young core took another step forward on Thursday, as they agreed in principle to a contract extension for fourth-year swingman Francisco Garcia.
According to a source with knowledge of the negotiations, the deal is for five years and $29.8 million. Kings basketball president Geoff Petrie did not immediately return a call for comment, nor did Garcia's agent, Aaron Goodwin.

http://www.sacbee.com/static/weblogs/sports/kings/archives/015649.html

 

[pkballr]

Wait... why? Was some other team trying to make a run at him?

 

[Big Cuz 15]

I'm sorry, but that is way too much money for Garcia. Who was going to swoop in and pay him more?



http://www.sacbee.com/static/weblogs/sports/kings/archives/015649.html

I agree its high for him but I'm sure he'd get offers from other teams around the same amount... look at us..lol johnny salmons.

 

[Warhawk]

I'm sorry, but that is way too much money for Garcia. Who was going to swoop in and pay him more?



http://www.sacbee.com/static/weblogs/sports/kings/archives/015649.html

Is that full MLE $$$?

 

[Jespher]

So does this move push the Kings over the Luxury tax, or does the extension not take effect until next year?

 

[NME]

It's not too much. It's starting a year from now at a bit less than the current league average (MLE-level), which is very reasonable for a guy in the complemenatary starter/excellent bench player range who is entering his prime years. It wasn't essential that we sign him right now if he was asking for too much, but at this price there would be no reason to put if off and leave his contract a hanging issue all year.

There was not much chance of his value dropping below an MLE-level deal barring catastrophic injury, and not much chance of it skyrocketing above it barring an offer from Europe. Garcia would be an ideal player for a good team to add as an additional piece with the MLE, but probably not one that a bad team is going to burn real space under the cap on. If he has a breakout season, there was also conceivably the danger of him signing a one year qualifying offer next summer and becoming unresticted in the summer of 2010 where there are going to teams scrambling to use all their capspace when they find that the superstar players stayed with their home teams.

It's a good deal for the Kings in that they've locked Garcia up at probably his minimum market value, and they're fortunate he was willing to take the security right now rather than rolling the dice on increasing his value.

 

[stevetaebo]

Probably could have went a another season before this move was made, but I bet SAR's retirement was the finalizer in this.

 

[NME]

So does this move push the Kings over the Luxury tax, or does the extension not take effect until next year?

The final year of his rookie deal is still in effect this season. This is a five-year add-on starting next season.

 

[MassachusettsKingsFan]

I like it, Im a huge garcia fan and it'll be fun to watch him for another 5 years.

 

[NME]

Is that full MLE $$$?

Not quite. The full MLE in a deal beginning this season starts at almost $5.6 million and comes out to just over $32 milliion with annual increases over five years, which is what Beno got. If this is correct that the full package comes out to $29.8 mil, then the first year is under $5.1 million. Keep in mind that this kicks in for the 09-10 season when the MLE starting point will be higher, probably close to $6 million, so ballpark we probably got him at a good 15% discount under the full MLE.

 

[Jespher]

But I do have good news...I just saved 15% on my car insurance...
(by signing Cisco 1 year early...he he he)

 

[Arby's Roast Beef]

Pretty good deal. Garcia's already semi-proven straddling the sixth man/part time starter role in the league, and he already possesses an all-around scoring game with some really intriguing defensive stealing/shotblocking potential when at top form. Although the #'s won't indicate it, I still believe in his passing potential (playing PG in Louisville) and hopefully as he develops a clear head and less tunnel vision, that part of his game will shine. For the mid-level price in terms of the extension, it was very good; it's hard to see a guy like him suddenly take a downward spiral, and there's still some untapped potential--if we trade John and Garcia suddenly explodes within 1-2 years of his deal, we will end up calling the extension a bargain, actually. It only lasts until he's 32 years old (a little over his prime years), but at the mid-level, it's definitely worth it.

 

[Andriod_KiNg]

I like it, why stress over it next offseason if someone can outbid us. We locked up another young player for a long time.

 

[Bricklayer]

That's a scary looking number to attach to Francisco Garcia, but in the end I think its just basically the MLE, which is pretty much his value. We've of course choked to death in recent years in perpetual MLE deals, and here we go again. But this was keeping one in the fold rather than dragging in some middling vet to suck for us, and he's moveable at that number should we repent.

 

[NewArena]

That is a very nice contract and should be easy to move like Brick just said and there is no reason to drag this further and possibly lose him or have a small bidding war. This does not hurt anything in terms of future plans, especially with Reef possibly coming off the books.

 

[Heuge]

Oh for the love...Can we please tell Geoff to go away now. I like Garcia a little bit, but not for that. Stupid, stupid, stupid signing.

 

[NME]

For the mid-level price in terms of the extension, it was very good; it's hard to see a guy like him suddenly take a downward spiral, and there's still some untapped potential--if we trade John and Garcia suddenly explodes within 1-2 years of his deal, we will end up calling the extension a bargain, actually.

That's what I see. Fair value for now, and while his value was not very likely to fluctuate a whole lot if we put the deal off to next summer, the scenarios where his value goes up are more likely than those where it goes down. Plus, peace of mind and treating your players with respect both count for something.

 

[NME]

Oh for the love...Can we please tell Geoff to go away now. I like Garcia a little bit, but not for that. Stupid, stupid, stupid signing.

Care to offer any logic or reasoning?

 

[CruzDude]

Good deal, just about right for a guy who puts it all on the line every night. Intensity, coachability, defense, offense, ball handling.......... he is worth it next year and is one of the "core" pieces of the Kings going forward. Now I really can't wait to see how Jason turns out. If Salmons steps up to the level he did the beginning of last year and helps us forget RonRon................ and with BJax as the leader of the new Bench Mob.......hmmm....... exciting could quickly overcome interesting.

 

[AriesMar27]

its a good deal.... if he blows up he'll be a steal, if he does what he's supposed to do then its market value....

 

[Heuge]

Care to offer any logic or reasoning?

Garcia isnt worth that. As we all have seen, he is wildly inconsistent. He isn't a player with a whole lot of upside. Keep in mind, he is already 27 and this deal will run until he is 33. I would argue that he cost more then his contract actually states. His cost will limit this organization as we try to sign free agents over the next two summers. Does his upside merit this? I think we have pretty much seen the best of Cisco. He is what he is.

 

[gunks]

I like Cisco, so I cant complain. He's our 6th man and puts up very respectable numbers when he's called on to start. Love his heart and hussle too, we need more players like him on the Kings (instead of guys like Salmons and KT).

Less then the MLE is not a contract worth complaining about for a player of Cisco's worth. Doesnt really seem like overpaying him at all.

 

[NME]

Garcia isnt worth that. As we all have seen, he is wildly inconsistent. He isn't a player with a whole lot of upside. Keep in mind, he is already 27 and this deal will run until he is 33. I would argue that he cost more then his contract actually states. His cost will limit this organization as we try to sign free agents over the next two summers. Does his upside merit this? I think we have pretty much seen the best of Cisco. He is what he is.

We're still going to have PLENTY of cap space in the summer of 2010 even with this deal, and Garcia is really the only guy we had to worry about extending through that period. Once you come to the realization that we're not going to simultaneously lure Bosh and Lebron here, it's going to be a challenge finding good use for all the space we'll have.

 

[rhythmless]

im lukewarm on the signing. this is geoff pulling a straddle move, where he overpays for the present, and underpays for the future (hopefully). but seriously, the guy is 27, and his number 1 issue is calming down and not playing like hes a 15 year old out there with grown men. at 19-20, not a huge issue, and actually, to be expected. but at 27, its a worry for me. every year, i look for him to calm down, and play a paced game, but even his good games have a frenetic pace to them.

i like garcia. i like his size, his tenacity, and i am ever so intrigued by his supposed ability to play point. i drool at the thought of 6'7 garcia w/ 6'7 martin. but year after year, hes still the same puppy running around jumping on everything.

6 mil a year is over his market worth currently. if he ever calms down, and doesnt get any better whatsoever, it will be market price. if he does get better, then we have a good role player at a good price. at this point, the only thing hurting garcia is... garcia.

 

[Arby's Roast Beef]

Garcia isnt worth that. As we all have seen, he is wildly inconsistent. He isn't a player with a whole lot of upside. Keep in mind, he is already 27 and this deal will run until he is 33. I would argue that he cost more then his contract actually states. His cost will limit this organization as we try to sign free agents over the next two summers. Does his upside merit this? I think we have pretty much seen the best of Cisco. He is what he is.

For all his inconsistency, one-on-one tendencies, bad shot selection, boneheaded plays and careless turnovers he's still able to muster 13 ppg on 46% shooting, 39% from three and only 1.62 turnovers per game. He obviously improved at that aspect in the tail end of the season but many teams would literally want those sort of #'s out of their players. Sure, looking at the microcosm of the game his recklessness stands out more than certain players, and has evoked our scorn many, many times, but it's that same reckless style of play that makes him unique--he tries hard and still puts up relatively good shooting #'s while not turning the ball over much. And that's the "potential" I mean--if he's showing all those flaws while yet putting up those #'s, imagine what he could do if he's controlled--those #'s could potentially become better. Obviously many players who are wild horses stay wild horses throughout their career, but Cisco's flaws seem more out of a desire to gain minutes/please the coach as opposed to sheer selfishness, so in his case, it's really highly correctable.

 

[kennadog]

Actually, I thought Garcia did get calmer this last season, in the sense of playing more in control. He's a great character guy, always gives his all on the court and I could see him being a very valuable 6th man. Less than MLE doesn't seem like a salary big enough to get worked up over.

 

[One and Done]

Petrie is still overpaying for talent.

Garcia is 26 years old - 27 by the end of this season...how much does he have left in the tank...and at age 32, will he truly be a $7 million player? He's shown one solid season as a 6th man - one. And honestly, who would've given him this much next season?

Petrie needs to start working out some steals, or cap room will always be a problem for the Kings.

 

[SacTownKid]

Wow, I can't believe what I'm hearing. This is a very good deal!!! Value wise I think this will be on par with the Kevin Martin "steal" deal we got last year. Of course, people said that was too much for him too.

Petrie is doing what he has always done. Try and sign a guy the believe in BEFORE their value sky rockets, a la Peja.

 

[Bricklayer]

Garcia isnt worth that. As we all have seen, he is wildly inconsistent. He isn't a player with a whole lot of upside. Keep in mind, he is already 27 and this deal will run until he is 33. I would argue that he cost more then his contract actually states. His cost will limit this organization as we try to sign free agents over the next two summers. Does his upside merit this? I think we have pretty much seen the best of Cisco. He is what he is.

Even as what he is, he is still an MLE-range player.

His peer group would maybe be Josh Childress, Luke Walton, DeShawn Stevenson, John Salmons, Raja Bell, Travis Outlaw, Tim Thomas, Martell Webster, James Posey, Matt Barnes, Mo Evans, Mikael Pietrus, Keith Bogans, Bobby Simmons, Anthony Parker, Sasha Pavlovic, Matt Harpring etc. Many of them are precisely MLE level players.

I don't expect a plyer of his age to improve much, but he doesn't have to for this to be a reasonable deal. Not a great bargain. But a reasonable deal (barring injuries of course). Double figure scorere 6th man/low level starter type. Its about right for that kind of production. And Cisco also gives you some flexibility as a guy who can start or come off the bench, and plays 2 positions without being out of place at either. That not only means he probably always has a role for you, but that if it comes time to move him you will have a wide variety of teams out there who he might be able to fit in with.

 

[FakeInjury]

It doesn't matter if he is actually worth it. 29 other teams think we think hes worth it. Thats all that matters. And imo, he is.