Steal -- Anthony Morrow
New Jersey Nets, three years, $12 million

Did the Nets just sign the best shooter in the game for about half the price of J.J. Redick? It's certainly possible. The 6-foot-5 24-year-old from Georgia Tech just wrapped up a prolific shooting campaign from behind the arc last season (.456 3FG%), but the Golden State Warriors surprisingly resisted the option of retaining his rights for just $4 million per year.

It's tough to imagine why the Warriors have no interest in retaining a cheap, young commodity such as Morrow, but then again, we are talking about the Warriors. In New Jersey, Morrow joins a crowded perimeter with Courtney Lee and Terrence Williams on the wing, but it would make a lot of sense for the Nets to deal Williams to a team willing to stomach his erratic play.

Overpay -- David Lee

Golden State Warriors, six years, $80 million

Lee

This isn't a flat-out waste of money; the price tag is just the least palatable among the premier power forward free-agent lot of Bosh, Carlos Boozer and Stoudemire. Despite Lee's massive liabilities on the defensive end, shelling out $80 million on a 20-and-10 player isn't the worst idea in the world. Giving up Anthony Randolph, Ronny Turiaf and Kelenna Azubuike, as well? That's overpaying.

We'll never know against whom or what the Warriors were bidding, but it's clear the Knicks made out brilliantly in this deal. Instead of letting Lee leave for nothing, the Knicks got the Warriors to throw in three young, serviceable rotation players who are signed to cap-friendly deals. Turiaf and Randolph represented Golden State's only hopes to stop opponents in the paint, but that's all lost with Lee anchoring the middle. By signing Lee to a bloated contract and giving up promising assets, Golden State took two steps back for its one step forward.