BGrantFan
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You hit on a very important point. In the next few months, one of 3 things is going to happen.
Option A). Oden agrees to a cheap extension that mitigates the risk to the team. Not likely.
Option B). Oden demands an LMA/Bargnani type extension. I know many people disagree, but I consider this suicidal for the team.
Option C). Oden doesn't sign an extension, starts down the road to free agency, and the team risks losing him for nothing.
Option A) I agree. The only way I see Oden signing a 'cheap' extension is for low years with a high base. Think Chris Paul or Deron Williams. The Blazers would be crazy to offer anything like those deals.
Option B) I don't see how Greg could demand even a Bargnani extension. I also don't think that Oden's agent will be in a hurry to sign a long-term extension with such poor leverage unless the dollars are big. Will Greg roll the dice and play next season on his rookie deal? Will he then sign a Qualifying Offer and risk 2 years of injury without a safety net?
Option C) Worst case, Oden is unsigned this summer, plays out 2010-11, then signs a QO for one more year. I just don't see that happening, and if his agent suggests it, he should seek new counsel.
Basically, Oden will be a Blazer if the Blazers want him, at least for the next 6 years. If the Blazers don't want him, then it's time to start considering how to maximize his trade value, and right now, he has a deflated trade value.