Personally, I don’t see Danny Ferry pulling the trigger on $20 Million worth of additional players this season, so I wouldn’t be shocked if the Cavs simply hold onto Snow, save the money, and try to make a move with the expiring contracts they have (Szczerbiak, Varejao).

PHILADELPHIA – Philadelphia 76ers point guard Eric Snow, coming off the best season of his career, signed a multi-year contract extension Friday.

Terms were not disclosed. However, the Philadelphia Daily News reported in Friday’s editions that the extension would be for either three or four years and worth between $18 million and $25 million.

Snow, 30, was in the fifth year of a seven-year, $29 million contract he signed after the 1998-99 season. However, there was an opt-out clause for the 2004-05 season and an option clause for the ensuing campaign, both worth $4.875 million.

“It is time to make this team better and help this team win a championship,” Snow said. “Most likely it is my last contract, so now I can just play basketball.”

“I have always recognized him as being one of the better point guards in the league,” 76ers coach Randy Ayers said.

Last season, Snow played all 82 games and averaged 12.9 points while shooting 45.2 percent from the field and 85.8 percent from the line, all career highs for the eight-year veteran. He also averaged a team-high 6.6 assists.

The 6-3 Snow was named to the NBA’s All-Defensive Second Team last season. He was the runner-up for Most Improved Player in 1999 and won the NBA Sportsmanship Award in 2000.

A 1995 second-round pick of Milwaukee, Snow has averaged 7.8 points, 5.3 assists and 1.35 steals in 497 games with Seattle and Philadelphia. He was acquired by the 76ers during the 1997-98 season and his arrival allowed the club to move superstar Allen Iverson to shooting guard.

“We love playing together and we love playing here,” Snow said. “Now we don’t have to worry about free agency, leaving or anything like that.”

There is no team in this era that can withstand losing a superstar and still dream of being anymore than 1st round fodder. Just ask the Wizards and I am sure all of them will agree.

And Alan you are right in that Mo is only going to average a shade under 9 Mil a year… I fail to see the risk in that when owners hand out max contracts to non superstars because they are afraid to see them leave. Once again look at Washington and Agent -1. Everyone knew his knee was messed up bad but why did he come back? So he could say look at me and please give me 50 or 60 Mil for rehabbing the next 3 years. He’ll never be the same player he was 3 years ago not to mention that he’ll be lucky to be a starter by the time he comes back.

Wow I have typed wayyy to much here and need to go back to drinking to get ready for the game tomorrow night. Go Cavs!

these guys that say things like this act like the cavs are the only team that relies on its superstar. it makes no sense. you can take the best player off any team in the league, and that team is done. are the celtics championship caliber without garnett? spurs without duncan? hornets without chris paul? bulls without michael jordan? lakers without Kobe? no to all the above. now i can accept that a Kobe-less Lakers or Garnett-less Celtics might be better than a Lebron-less Cavs. without kobe or garnett, the lakers/celtics might still be a fringe playoff team while without Lbj, the cavs are clearly lottery bound. but all of those teams rely on their star to be championship caliber. The name of the game is championships and not “fringe playoff caliber.”

That Abbott guy tends to babble and is an average writer, at best. Not a good blogger at all. This post is far superior in regards to West’s issues.

http://blogs.hoopshype.com/blogs/smith/2008/10/19/coming-out-a-hard-thing-to-do/