I haven't bothered to read this entire thread so I'm sorry if this has been brought up. I can't back any of the numbers being thrown out, but I can back the idea that something like this could happen. It's happened before. In 2005, Shaq opted out of the last year of his contract (where he would have made over 30 million) to sign a 5 year extension with the Heat where he'd make 20 million a year. The media presented it as "Shaq taking a paycut" and "being a team player to help his team's financial flexibility". REally it just makes sense, though. He could have made 30 million in 2005-2006 (which would have made him the highest paid player in the league), but the guy was 33 years old... WHat if he got injured? It made more sense to opt out and get the security of 5 years (100 million).
Good move for Shaq, right? Can you imagine if he had been a free agent any time during the last few years? No way does he get a contract making 20 mil a year. No way.
So Jsaad might have the right idea here. I could see Pierce and the Celtics working something out where Pierce willingly opts out of his contract making 21 million next year... in order to receive something like 14 mil a year over the next 4-5 years. He'll be 33 years old in 2010-11 (when he has the player option)... Locking up that security might make the most sense. Is it a lock that a 34 year old Pierce will still be able to command 20 million a year? We're talking about 3 years from now.
So yes, I back the idea. It would all depend on the Celtics and Pierce working out something together. But in the case of Miami, I think they actually had a need for that additional 10 million saved in the 2005-06 season. They were willing to give Shaq a 5 year 100 mil extension if he would cooperate and give them that extra 10 mil flexibility (which they had the capacity to use). From Boston's perspective right now... I'm not sure what a 5-6 million dollar savings in 2010-11 can really do for them. They are already going to be over the cap probably. The only scenario it really makes sense is if they give Ray a massive paycut in an extension, Rondo gets a lot less than expected, Sheed retires... and the Celtics are suddenly looking at some potential caproom if Pierce opts out. In that scenario, it would make sense for Boston to say, "hey Pierce... do us a solid and take 6 million less this year and we'll lock up a 5 year extension for you". That scenario only really makes sense if the Celtics have a free agent target and some cap room. "Yo, Pierce... We can give Dwayne Wade a contract if you just opt out and take a paycut. But no worries, we'll make it up to you with a 5 year extension!"... otherwise, there is probably no incentive to bother from Boston's perspective. Our projected lack of caproom makes such a scenario very unlikely.
If they don't really have a practical use for the 5-6 million in 1 year savings... they probably will just let Pierce take his player option, see if he regresses... and figure out his extension when he's 33.