Mergers and Acquisitions

          Last year’s off-season was filled with player movement. Atlanta signing Jamal Crawford, Ron Artest switching teams with Trevor Ariza, Washington adding Mike Miller and Randy Foye, and of course Shaq moving to Cleveland were all considered huge upgrades for each team. Now that the season is over it’s time to take a look at some of these changes and assess the value each team received from their new players. For each graph I used Win Shares and compared it to each player’s salary for last year. I only included players who were traded or signed last summer before the season began, and spent the entire season with their new teams. I also had to leave off a few players who basically played zero minutes for their new teams. The first table is the Top 10 in terms of Win Shares produced for their new teams.

Player Team Win Shares ’09-’10 Salary $ per Win Share
Zack Randolph MEM 9.7 16,000,000.00 1,649,484.54
Vince Carter ORL 7.4 16,000,000.00 2,162,162.16
Jamal Crawford ATL 7.3 9,360,000.00 1,282,191.78
Andre Miller POR 7.0 6,730,800.00 961,542.86
Channing Frye PHO 6.4 2,000,000.00 312,500.00
Richard Jefferson SAS 6.0 14,200,000.00 2,366,666.67
Matt Barnes ORL 5.9 1,600,000.00 271,186.44
Quentin Richardson MIA 5.8 9,352,400.00 1,612,482.76
Ersan Ilyasova MIL 5.8 2,100,000.00 362,068.97
Emeka Okafor NOR 5.5 10,538,937.00 1,916,170.36

             Not many surprises with this list. It does emphasize the incredible contributions made by Zack Randolph this year. The next table shows the Top 10 in terms of Win Shares produced per dollars spent in salary. These are the players who produced the most, for the least amount of money; essentially the players who provided the most value.

Player Team Win Shares ’09-’10 Salary $ per Win Share
Arron Afflalo DEN 4.2 1,086,240.00 258,628.57
Matt Barnes ORL 5.9 1,600,000.00 271,186.44
Jason Williams ORL 4.5 1,306,455.00 290,323.33
Carlos Arroyo MIA 3.7 1,107,572.00 299,343.78
Channing Frye PHO 6.4 2,000,000.00 312,500.00
Ersan Ilyasova MIL 5.8 2,100,000.00 362,068.97
Keith Bogans SAS 2.6 1,033,342.00 397,439.23
Courtney Lee NJN 3.1 1,264,440.00 407,883.87
Shelden Williams BOS 2.0 825,497.00 412,748.50
Ryan Anderson ORL 3.1 1,317,120.00 424,877.42

             Here, some surprises start to show up. Orlando comes out looking great. The huge amount they paid for production from Vince Carter and non-production from Brandon Bass, is off-set by the incredibly cheap production they received from Barnes, Anderson and Williams. I haven’t heard his name mentioned, and he will ultimately be judged by how the team (and Carter) performs in the playoffs, but Otis Smith, Executive of the Year? They will miss Courtney Lee in a few years though. He produced a fourth of New Jersey’s 12 wins this year for an extremely reasonable price. Denver looks great for letting Dahntay Jones walk and finding a cheaper more effective replacement in Arron Afflalo. This is also a great representation of what an important signing Channing Frye was for Phoenix. Now, the flip side of the coin. Here are the Top 10 players in terms of most dollars spent per Win Share produced. These are the players whose production was the most expensive, the players who provided the least value to their teams. I left off Stephen Hunter, Malik Allen, Reggie Evans, Chris Wilcox and Jarron Collins, because they played so few minutes that the numbers were extremely skewed.

Player Team Win Shares ’09-’10 Salary $ per Win Share
Shaquille O’Neal CLE 2.1 20,000,000.00 9,523,809.52
Marcus Williams MEM 0.1 855,189.00 8,551,890.00
Ben Gordon DET 2.1 10,000,000.00 4,761,904.76
Kevin Ollie OKC 0.3 1,306,455.00 4,354,850.00
Tyson Chandler CHA 2.9 11,850,000.00 4,086,206.90
Darius Songaila NOR 1.3 4,526,000.00 3,481,538.46
Ramon Sessions MIN 1.1 3,670,667.00 3,336,970.00
Fabricio Oberto WAS 0.6 1,800,000.00 3,000,000.00
Sean May SAC 0.3 884,881.00 2,949,603.33
Hedo Turkoglu TOR 3.4 9,000,000.00 2,647,058.82

             Again, not many surprises here. The acquisitions of Chandler, Turkoglu and Gordon have been viewed as flops most of the season. In Gordon’s case before the season even started. I understand that some of these players provide value beyond what shows up in the Win Share statistic. O’Neal was brought in by Cleveland mostly to offer an additional post presence to combat Dwight Howard and the Magic in the playoffs. If they win the title, getting any sort of contribution from Shaq, I guarantee everyone in Cleveland will recognize that it was worth every dollar. However, the lack of value from some less heralded additions such as Oberto and Sessions is pretty striking.

             With so many top tier free agents and so much cap space, this is sure to be a wild summer. My only advice would be “Buyer Beware“. There are some game changing values available, but just as many bank-breaking lemons. To satisfy curiousity, I included the entire list of acquisitions from last summer below.

A few minutes after posting I noticed this post on The Baseline about acquisitions from last summer making big impacts in the playoffs. They mentioned Grant Hill and Glen Davis who aren’t included on my list because they both re-signed with their previous teams. They also pointed out Jamario Moon and Andre Miller. Both players are produced a decent quantity of Win Shares this season, each at less then $1 million per. I went back in and bolded their names on my big list.

Detroit fans – Examine at your own risk!

Player Team Win Shares 09-10 Salary $ per WS
Jamal Crawford ATL 7.3 9,360,000.00 1,282,191.78
Joe Smith ATL 0.9 1,306,455.00 1,451,616.67
Marquis Daniels BOS 1.3 1,990,000.00 1,530,769.23
Rasheed Wallace BOS 3.6 5,584,000.00 1,551,111.11
Shelden Williams BOS 2.0 825,497.00 412,748.50
Stephen Graham CHA 1.6 884,881.00 553,050.63
Tyson Chandler CHA 2.9 11,850,000.00 4,086,206.90
Jannero Pargo CHI -0.3 2,000,000.00 -6,666,666.67
Anthony Parker CLE 4.9 2,644,320.00 539,657.14
Jamario Moon CLE 2.9 2,750,000.00 948,275.86
Leon Powe CLE 0.5 855,189.00 1,710,378.00
Shaquille O’Neal CLE 2.1 20,000,000.00 9,523,809.52
Tim Thomas DAL 0.7 1,306,455.00 1,866,364.29
Arron Afflalo DEN 4.2 1,086,240.00 258,628.57
Joey Graham DEN 1.1 884,881.00 804,437.27
Malik Allen DEN 0.1 1,300,000.00 13,000,000.00
Ben Gordon DET 2.1 10,000,000.00 4,761,904.76
Charlie Villanueva DET 3.5 6,500,000.00 1,857,142.86
Chris Wilcox DET 0.2 3,000,000.00 15,000,000.00
Devean George GSW 1.3 1,600,000.00 1,230,769.23
Mikki Moore GSW 0.6 537,952.00 896,586.67
David Anderson HOU 1.3 2,300,000.00 1,769,230.77
Trevor Ariza HOU 3.2 5,854,000.00 1,829,375.00
Dahntay Jones IND 1.8 2,500,000.00 1,388,888.89
Earl Watson IND 2.6 2,800,000.00 1,076,923.08
Luther Head IND 0.6 884,881.00 1,474,801.67
Solomon Jones IND 0.8 1,620,000.00 2,025,000.00
Rasual Butler LAC 2.7 3,945,000.00 1,461,111.11
Ron Artest LAL 5.3 5,854,000.00 1,104,528.30
Jamal Tinsley MEM -0.3 990,300.00 -3,301,000.00
Marcus Williams MEM 0.1 855,189.00 8,551,890.00
Stephen Hunter MEM 0.1 3,696,000.00 36,960,000.00
Zack Randolph MEM 9.7 16,000,000.00 1,649,484.54
Carlos Arroyo MIA 3.7 1,107,572.00 299,343.78
Quentin Richardson MIA 5.8 9,352,400.00 1,612,482.76
Carlos Delfino MIL 4.8 3,500,000.00 729,166.67
Ersan Ilyasova MIL 5.8 2,100,000.00 362,068.97
Kurt Thomas MIL 2.1 3,800,000.00 1,809,523.81
Ramon Sessions MIN 1.1 3,670,667.00 3,336,970.00
Ryan Hollins MIN 1.2 2,183,333.00 1,819,444.17
Sasha Pavlovic MIN -1.2 1,500,000.00 -1,250,000.00
Courtney Lee NJN 3.1 1,264,440.00 407,883.87
Darius Songaila NOR 1.3 4,526,000.00 3,481,538.46
Emeka Okafor NOR 5.5 10,538,937.00 1,916,170.36
Kevin Ollie OKC 0.3 1,306,455.00 4,354,850.00
Brandon Bass ORL 2.0 4,000,000.00 2,000,000.00
Jason Williams ORL 4.5 1,306,455.00 290,323.33
Matt Barnes ORL 5.9 1,600,000.00 271,186.44
Ryan Anderson ORL 3.1 1,317,120.00 424,877.42
Vince Carter ORL 7.4 16,000,000.00 2,162,162.16
Rodney Carney PHI 0.6 855,189.00 1,425,315.00
Channing Frye PHO 6.4 2,000,000.00 312,500.00
Jarron Collins PHO 0.1 1,181,803.00 11,818,030.00
Andre Miller POR 7.0 6,730,800.00 961,542.86
Juwan Howard POR 2.6 1,306,455.00 502,482.69
Ime Udoka SAC 0.8 838,034.00 1,047,542.50
Sean May SAC 0.3 884,881.00 2,949,603.33
Keith Bogans SAS 2.6 1,033,342.00 397,439.23
Richard Jefferson SAS 6.0 14,200,000.00 2,366,666.67
Amir Johnson TOR 4.5 3,666,666.00 814,814.67
Hedo Turkoglu TOR 3.4 9,000,000.00 2,647,058.82
Jarrett Jack TOR 4.8 4,500,000.00 937,500.00
Rasho Nesterovic TOR 0.8 1,990,000.00 2,487,500.00
Reggie Evans TOR 0.2 4,960,000.00 24,800,000.00
Sonny Weems TOR 1.3 736,420.00 566,476.92
Fabricio Oberto WAS 0.6 1,800,000.00 3,000,000.00
Mike Miller WAS 3.9 9,750,000.00 2,500,000.00
Randy Foye WAS 2.2 3,575,761.00 1,625,345.91
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