Sunday, October 01, 2006

Bonzi Wells takes a Rambus Inc. like hit

Bonzi Wells, missed 30 games during the 2005-2006 campaign due to a groin injury but played well for the Sacramento Kings during their short 2006 playoff run (23.2 points and 12 rebounds.) Mr. Wells believed that his efforts entitled him to a very large new contract. The $36 million the Kings offered him over five years wasn't enough - especially compared to the $8 million he had just made for 50 regular season games (13.6 points and 7.7 rebounds.)

William Phillips, Wells' since replaced agent told the Sacramento Bee in July, "The Kings never really improved their offer," Phillips said. "And quite frankly, we didn't believe it was fair."

Yup, the whole world, it ain't fair.

Reported this week is a a more "fair deal"? . . . Bill Duffy, Wells' new agent, announced that Wells has accepted a two-year deal worth almost $4.5 million. Mr. Duffy, stated that Wells will opt out of the second year of the deal apparently pocketing the Rockets' $2.1 million exemption for 2006-2007 season and the following summer hitting the free agent market again. Wells is 30 years old.

Good luck with that Mr. Wells . . . greed can sometimes bite you in the butt. Ask the Ramboids who watched the Rambus Inc. share price plummet from the mid $40's to the low teens while complaining all the while as insiders sold, sold and sold.

Yup, greed it's bad, bad, bad.

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