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Getting back to the Oden Slinky: the cost isn't much. The most he's going to get in salary at this point is the mini mid-level. There are not a whole lot of other usable big men at that price point out there. The back-up plan for one team in the Oden mix is Cole Aldrich. Oden will, like Bynum in Philly in 2012-13, draw some attention and maybe some pressure and angst from the fanbase the first time he's in a suit on the bench. But the team that picks him up won't have given up an All-Star, $15 million in salary or any of that.
Bynum hurt Philly so much because he was an all-in bet. Oden is two chips at a low-limit table. Oden is jaywalking across an Old West dirt path. He's skydiving from the top bunk. There's just not much risk at this point because there's not much cost.
And in fact, in a salary cap league, finding gems with low monetary and asset costs is a huge part of the game. Drafting studs late in the first round and in the second? Low risk, potential for high reward. Signing cheap players who are fighting long histories of injury but are dedicated to making it in the league? Low risk, potential for high reward. Picking up a couple of prospects and picks by trading a star you're going to lose anyway (as the Magic did with Dwight Howard in the Bynum trade)? Low risk, potential for high reward.
The high-risk decisions -- taking Oden over Durant, giving Brandon Roy $80 million, trading major assets for Bynum, trading Holiday for Noel and a pick -- are the ones you fret over, you analyze, you fret over some more. The low-risk decisions like giving Greg Oden $3 million ... those are nothing. If that Slinky can't be untangled? Oh well. Move on to the jigsaw puzzle that may or may not be missing a handful of pieces.