We all know that a lockout in 2011-12 is looming. Heck it's practically inevitable, not with the way owners destroyed their "salaries are too high" argument by showering players with money this summer. So quite a unique situation comes up in light of this fact. The 2012 pseudo expiring contract.
Okay what is an expiring contract today? One that expires after this next season right? One that expires in 2011. Well with the lockout looming, contracts that expire in 2012 or two seasons from now, are pseudo-expiring contracts today. In fact they're better than regular expiring contracts. Why? Because you don't have to pay them.
In the event of a lockout, player salaries do not get paid. And they do not get extended because of that. If it expires in 2012, and there is no season, it still expires in 2012. If a player was owed $20 million in 2011-12, that's $20 million lost for him. So we can view Ray Allen's 2 year, $20 million deal as practically a 1 year $10 million deal.
So when we say, let's trade for this PF with only 1 year left on this deal since he's an expiring, no risk; we can potentially apply that statement to guys with 2 years left as well.
So who are the 2012 pseudo-expiring contracts? (leaving out the restricted free agents since most are coming off rookie deals)
Atlanta - Mike Bibby
Golden State - Charlie Bell
Miami - Zydrunas Ilgauskas
Oklahoma City - Royal Ivey
Toronto - Leandro Barbosa
Utah - CJ Miles, Mehmet Okur