It seemed like such a perfect fit. As predicted, teams that wanted to sign him (e.g. Toronto) couldn't free up the cap space that the 'zards have in abundance. Even if he doesn't sign with Denver now and remains unrestricted, our odds of getting him this summer are much lower as more teams will have cap space freed up.
Chandler fits the profile of a classic up-and-comer. I see his upside as Caron Butler in his prime.
I just read on the Denver Post website, that he would command about $9M per year. Seems well worth it to me.