Reading these threads, some times I feel as old as Methuselah.
Bonzi's age doesn't have much to do with the lack of a better offer, assuming he's had no better offers. It appears he may have become a FA in the wrong year. Its the market demand and what teams' spending limitations are that are most likely to determine what he gets. With apologies to Bonzi:
If I'm selling a pickup truck for $4,000, but the buyers want a sedan for that money, I'm out of luck. Or if the only buyers who want a pickup truck can't afford to spend more than $3,500, I'm out of luck again. In both situations it doesn't matter how much I think my truck is worth, I can't sell it for $4,000.
My choices are to hope the sedan folks will settle for a truck, because they can't find a sedan for their $4,000 or lower my price to what the truck buyers can afford to spend right now. Or, if I need a sedan, I can find a sedan owner who wants a truck and agrees to an equal-value swap.
And there is absolutely no good reason for the Kings to bid against themselves. They might decide to go a little better than the initial offer to make him happy, there is some value to that.