Wizards will renounce Randy Foye

by Mike Prada on Jun 28, 2010 11:02 PM EDT in Free Agency

As expected, the Wizards will move on without Randy Foye next year. Michael Lee is reporting that the team will elect to renounce his rights when July 1 rolls around.

Randy Foye will become an unrestricted free agent on Thursday after a source with knowledge of the Wizards' thinking confirmed that the team will not extend the $4.8 million qualifying offer. Had the Wizards tendered the qualifying offer, they would've had first right of refusal if Foye signed with another team. Now Foye, the seventh pick of the 2006 NBA draft, will be free to sign with the team of his choice when the free agent negotiating period begins.

Lee's source said the Wizards still "have interest" in Foye, just not for $4.8 million. However, this is a bit of a red herring. Picking up Foye's rights does not mean they will pay him $4.8 million next year - it simply gives the team the right to match any offer made to him. The real reason, I think, the Wizards went ahead and renounced Foye was to clear up a bit more cap room. Otherwise, Foye's cap hold, a mechanism put in place to prevent teams from signing other free agents before dealing with their own, would count for 300 percent of his 2009/10 salary on the Wizards' cap until he signed a new contract (see here).

This was the right move before the Kirk Hinrich trade, so it's certainly the right move now. Here's hoping Foye figures out how to stick with an NBA team.

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Comments

A Relief

Nothing against Randy – It’s not all his fault the team was so bad – but we have enough guards. I’m relieved to see we’re not taking him up. Like Prada said – this was a no-brainer even before the Hinrich trade.

I guess this means I can stop following him on twitter now? See ya Randy. Hope you have a better year. Sorry if we hurt your career. :)

My swag was phenomenal.

by se7en on Jun 28, 2010 11:59 PM EDT reply actions

good luck Randy!

We got Wall

by Mikko Leinonen's opposite on Jun 29, 2010 12:03 AM EDT via mobile reply actions

I loved Randy as a person

He was such a high character guy and I feel sorry for him because he spoke so highly before the season about how his time with the Wizards was gonna be, but it never worked out. I wish him well.

by lj15 on Jun 29, 2010 12:09 AM EDT reply actions

ugh

so glad that we made that trade last year………

by bloodwatermission on Jun 29, 2010 12:16 AM EDT reply actions

I too am glad you made that trade last year...

Ricky Rubio is about the only positive thing in Minny for us t-wolves fans these days.

by gill0137 on Jun 29, 2010 1:11 PM EDT up reply actions

This comes as a big disappointment -

Mainly because Foye was the “linchpin” of EG’s “blockbuster” deal last year to trade away the #5 pick. Mike Miller came along also, of course, but was never anything but a rental with an expiring contract (yet we didn’t trade him).

In hindsight, we could have had Rubio, Curry, or Jennings — all measurably better options than a one year rental of Foye/Miller. And before you point out that hindsight is 20/20, remember that GMs in this league are paid millions to have foresight. I don’t begrudge Ernie for making a “win-now” move to give dear Abe one last shot to see his team go out winners, but this particular trade (not to mention the timing) left us with a trade that was risky to begin with and a near total loss after just one year.

In the end, the silver lining is that we were bad enough to get Wall and we did manage to jettison Songaila and Pech.

Best of luck to Randy.

Getting buckets since 2003.

by Icantfeelmyface on Jun 29, 2010 1:18 AM EDT reply actions

However....

the 5th pick is gone and cap space saved from that trade is now gone with trade for Kirk Hinirick. You had Foye at have the price for this season and not on the books for next season. For the 5th pick he needed another chance and Flip needed to earn his money by finding the best way to use him. You’re letting EG off the hook and he doesn’t deserve it for having nothing to show for a high lottery from just one year ago.

by Kryp on Jun 29, 2010 9:58 AM EDT up reply actions

I didn't mean to let him off the hook

Getting Wall was good fortune, not good strategy.

Getting buckets since 2003.

by Icantfeelmyface on Jun 29, 2010 3:33 PM EDT up reply actions

Cool

I can agree with that!

by Kryp on Jun 29, 2010 4:21 PM EDT up reply actions

It's not so much hindsight...

many experts though the Foye/Miller deal was horrible when it was made. It wasn’t exactly shocking it would turn out this bad. The only difference is people thought the team would have won a few more games last year (not that it matters much)

by Jericho6 on Jun 29, 2010 7:35 AM EDT reply actions

and many non-experts thought it was horrible, too

For example, go back and read the posts on this blog when the trade went down and from last year’s draft night.

But we shouldn’t live in the past, I guess….

by disgrunted on Jun 29, 2010 7:46 AM EDT up reply actions

I remember

that I wasn’t thrilled about the trade when it happened, but I drank the Kool-Aid usually reserved for Redskin fans and believed in miracles…………………………………………………..then I woke up on draft night 2010 with John Wall on my team!!!!!

"I get buckets, son!" Big Oily

by WhiteBoy-4-3 on Jun 29, 2010 8:23 AM EDT reply actions

Well that frees up the #15

for Wall if that’s what he decides. Personally, I’m hoping for #3

by SkinsWizStangs on Jun 29, 2010 9:35 AM EDT reply actions

Nice guy by all reports...

Randy will find work and do ok… Best of luck to ya!

by khrabb on Jun 29, 2010 9:45 AM EDT reply actions

I'm starting to believe Flip was behind the trade

I hated the 2009 trade from day one because I’d never really seen Foye play. After watching the first part of the season I began to warm to Foye and the trade. Then Foye got hurt and IMO never got a fare shot to play again when the team was still trying to be competitive. Flip fell in love with EB and that was all she wrote for Foye. IMO Flip never gave any explanation as to why Foye never got back into the rotation and folks who report on the team have now just been reporting that Foye never regained his form after he got hurt. I blame Flip for that and not Foye. Foye deserved another shot and I would prefer him rather than a much older Hinirick. I hope Ted has this management team on the clock and is willing to throw them away just as they’ve thrown away last year’s #5 pick.

by Kryp on Jun 29, 2010 10:12 AM EDT reply actions

Geez

I think Foye had plenty of chances last year. He didn’t fit in. I’m not saying he can’t find a place that he will fit better, but it wasn’t with us, with our roster, with our system.

by MR on Jun 29, 2010 11:00 AM EDT up reply actions

You may be right, but....

I thought Foye fit our system very well until he got hurt, however, even if you’re right where is the accountability for 2009 lottery pick. EG needs to come to the mic and explain (even if we already know he will be blowing smoke up our…

Also, when he made the trade he must have thought that Foye would fit the system. How are we suppose to feel now with him bringing in another person at double the money who he believe fits our system. I’m just about done with EG and his moves.

by Kryp on Jun 29, 2010 12:03 PM EDT up reply actions