i think it is time for the superstars (the big 3) who have made enough money for several lifetimes, to renegotiate their contracts at a discount and extend them into the future to make up the difference. This may allow Danny to be a player in this years free agency. This team could be great into the future with a wade, lebron or bosch
trade perk and bbd and start building around rondo
pp, kg, and ray allen start adjusting to role playing - major roles but role playing never the less.
re-sign tony allen and maybe nate
Well, this isn't the NFL, so someone like KG, who does not have an option cannot simply renegotiate. Pierce and Ray could, but even if both of them did, it would still be impossible for them to have enough cap space to resign both of them (even for greatly reduced salaries), and sign a superstar.
Getting into this even more, Ray is a FA, and he will be taking a significant paycut, no matter where he plays next year(that is just the market).
Pierce on the other hand can opt out of his $21.5 million option for next year, and then decide to resign for a longer term, at a lower sum. However, it is important to remember that if he does that, all he will be doing is saving the owners cash next season (since they will still be well over the cap), and then it likely locks him in for more money in future seasons then he would probably make, if the C's waited until next summer to resign him.
It certainly makes some sense fiscally for the C's, since they are almost certainly going to be in the luxury tax this season, so saving say, $6 million in salary in 2010 will actually save them $12 million, and there is a much greater chance of them being below the luxury tax threshold in 2011 and beyond, meaning, that even if Pierce makes up the money he is missing next year over the life of the contract, that luxury tax money is basically found money for the owners. However, a deal like that would likely tie the C's hands a bit in the rebuilding/reloading process, since Pierce would likely end up overpaid in the deal, over the next few years.
The smartest thing cap wise is probably to just let Pierce come off the books after next season (or resign him then for a reasonable deal). But that will take a financial commitment from ownership.