If it is indeed true that he has at least one full 5 yr MLE offer, we may very well be out of this race. It would be very poor judgement to give him 5 years. I might consider 4 years, but not 5 by any stretch. He just isn't worth that. His worth to us is 3 years full MLE, 4 years at 5mil per so we can also sign one more big with the rest of it. (I would likely consider 4 full MLE) No way I sign the guy for 5 years. If Maggette will sign for 5 years full MLE then that's a smarter bet. I think we lose both options though. The Spurs make so much more sense because they can start him, not sign Finley, and continue to bring Ginobli off the bench. That would give him the touches he wants, improve that team dramatically, and pay him the same contract.
If Posey has this offer elsewhere then he really ought to take it as much as I would love him back. If we think Scal's contract is hurting us now, wait until the 4th and 5th year of Posey's...