Here’s the Washington Post with analysis of the Detroit Pistons decision to waive Josh Smith, which might help chemistry but hurts financially for a long time:
With the considerable problems he inherited by taking over a franchise with years of disillusionment and a roster of mismatched talents, Stan Van Gundy is not responsible for most of the hot mess in Detroit. But Van Gundy cannot escape the blame for mishandling the situation with Josh Smith to the point that the versatile but frustrating forward was stunningly waived with more than $27 million remaining on his contract over the next seasons.
The move, which one rival executive described as “reckless,” rids the Pistons of Smith’s errant jumpers – he was on pace to finish last in true shooting percentage among qualified players for the second year in a row – but keeps him on franchise’s books for $5.4 million per season through 2020 under the league’s stretch provision. The Pistons have attempted to justify annually shelling out the equivalent of the full midlevel exception for nothing by championing the $8.1 million in salary cap room that Smith’s removal will provide and how a steadily increasing salary cap will minimize that salary slot when the league’s new television begins in 2016-17.