Where the hell did you pull the $48 million figure from? According to both
HoopsHype and
Sham Sports, he has about half of that at $26 million with 3 years remaining (including this year). $9.5 million this year and then it declines to $8 million by the final year.
Either way, I'm a little iffy on this deal. Hinrich's a solid player, but I'm not very comfortable with him as the starter at the 2 (which he would have to be, since we'd already have a backup point in Beno). I know he has done so alongside Rose in the past and that he can defend some players at the 2, but I think he ultimately ends up being a liability at that spot against elite players.
The question is if you think there's a good enough player lurking at 17 to justify it.