HOOPSWORLD Joakim Noah has 5-year $60 million extension offer from
Chicago, is holding out for bigger deal $70-$75 million
First, I caution you with Hoopsworld. I don't think Hoopsworld makes things up, but I do think they print anything regardless of how weakly sourced it is. So while acknowledging this could simply be BS, let's pretend for a moment it isn't.
What I find somewhat amusing about this is that many Bulls fans view Noah as untouchable, but then many of them will follow that up by saying 70 million for Noah is ridiculous. You can't really have it both ways can you?
As for the salary, 5/60 is as much as I'm paying Noah this off-season. The new CBA will likely limit the Bulls risk exposure next season even if he has an outstanding year the new max contract next season is probably no more than 5/70 (I expect years to go down as well as starting salary).
There's simply no reason to move further ahead than 5/60 right now as Noah's downside risk is much greater than his upside risk. He's likely to change his mind, and if not, he's the one who risks the most not the Bulls.
That said, I don't blame him for holding out. I said that we wouldn't extend Noah this off-season because it'd simply not in our best interest to do so. David Lee got 6/80, of course Noah wants 70. Brendan Haywood is about to exit his prime and got 9 million a season. With the deals being handed out, I can't blame Noah at all for his stance on his contract.
It will be interesting to see where this leads.