It didn't come as an hour long Decision Special on the Food Network, but Y!'s Marc Spears broke the news today that Gray will be rejoining New Orleans on a two year deal.
My first reaction? Good move. The Hornets get size and rebounding, two things the current roster sorely lacks. Gray's signing may not seem like an obvious step forward, but any other 7', 270 pound signing would have been universally lauded. Gray's always been an efficient offensive player and certainly showed flashes of defensive excellence in his 24 games with us. That's worth the minimum for sure.
The front court may well be finalized at this point. West and Okafor should start at 4 and 5, with Songaila and Gray the primary backups. Brackins will likely challenge Songaila for minutes, and Posey's a far better power forward than small forward, so he'll see some time there too. But these six guys will comprise Chris Paul's front court for the season.
After the jump, a look at how much space this leaves us.
Dollars (in millions)
Free Agent #3
Free Agent #4
70, 040, 045
58, 044, 000
70, 307, 000
I'm penciling in Gray's 2010-2011 cap hold as his salary. As with Head, we don't have a definitive '10 figure yet, but I can't imagine his contract exceeding $1.5 million. For now, that leaves the Hornets right at the luxury. The team still won't technically need to move anyone (Songaila, Wright, etc) to get under the tax.
With thirteen players now under contract, the Hornets have set themselves up to spend between $4.8 million (Songaila's contract) $7.7 million (Songaila and Wright's contracts) on a single player. This is all operating under the assumption that New Orleans will go into the season with 14 players, as they've done for a while. The order in which free agents are acquired isn't a huge deal. The real issue is that with Travis Outlaw, Tony Allen, Ronnie Brewer, J.J. Reddick, Anthony Morrow, and even Dorell Wright gone, there simply aren't any wings worth that kind of money.