In the current collective bargaining agreement, it's known as the Gilbert Arenas rule. In the next CBA, it might be known as the Daryl Morey rule, because the Houston Rockets GM just drove a Mack truck through every one of the provision's current loopholes in agreeing to a three-year, $25.1 million offer sheet with restricted free agent Omer Asik, formerly of the Chicago Bulls.

Let's set aside whether Asik is actually worth $25.1 million over three years for a moment -- we'll tackle that later -- and just ponder the evil genius of the structuring of the contract and how it gives the Rockets a huge advantage in prying him away from the Bulls.

Under the "Gilbert Arenas" provision of the league's collective bargaining agreement, a player such as Asik -- a second-round draft pick coming off his second season -- can be offered only a maximum of the midlevel exception in free agency for the first two seasons but can be offered any amount up to the maximum in years after that.

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