So apparently Sixers may be offering KJ Martin a $16m one year extension. Now someone who watches the league on a regular basis may be somewhat confused, maybe we have missed something and there has been an unexpected explosion of talent?
Not really, he averaged 12 minutes, in which he scored less than 4 points and got 2 rebounds, last season. However the cap space loophole that Daryl Morey is never reluctant to explore is that they can actually offer him that contract without going over the apron, thus not causing any inconvenience to the organization, and can trade it in a few months time - along with multiple picks they have - for a more useful player making similar amount of money (or aggregate it with other contracts to get to a higher number). He would essentially get $16m for a year of not doing much simply because he will have found himself in the right place at the right time, nothing to do with his talent or performance.
This whole cap space thing has really become ridiculous, it is needlessly complicated with too many fine print details driving decision making and causing good players to not get paid adequately while mediocre players get bags of money for simply being there at the right time.