The Washington Bullets are down to their final hours of trying to sign first-round draft choice Tom Gugliotta of North Carolina State before having to match the New York Knicks' $17 million contract offer to veteran forward Harvey Grant.
The business of signing the two forwards is tightly entwined. The Bullets have until a 6 p.m. league-imposed deadline today to re-sign Grant. The Knicks' $17 million offer to Grant was upheld Wednesday by an independent arbitrator who found the Knicks innocent of tampering charges brought by the Bullets.
"I'm working on finalizing Grant's contract right now," Bullets president Susan O'Malley said yesterday morning.
But the Bullets probably will hold off until the final hour in presenting the pact to Grant, hoping to first sign Gugliotta, whose agent, Richard Howell, has rejected a five-year offer of $10.7 million.
Team owner Abe Pollin spoke twice with Howell yesterday trying to end the impasse, without success, the Bullets said.
General manager John Nash had two phone conversations with Howell yesterday without any sign of progress, he said.
"I'm not even angry anymore," said Nash, who added that he cannot create any more room in the team's $14 million salary cap for Gugliotta, the sixth player chosen overall, without "devastating the team."
"I just have some philosophical differences with Howell," he said. "He believes the fifth and seventh players picked in the draft will eventually sign for a lot more than I do. But we don't have the luxury of waiting around because of the Grant situation."
Howell did not return phone calls yesterday and has said he will not "negotiate through the media."
If Gugliotta, a 6-foot-10 forward, is not signed before Grant, Washington will have only the $500,000 salary cap exemption to offer Gugliotta for his rookie year.
But if Gugliotta signs first, the Bullets are allowed to go over the salary cap to re-sign Grant, because he is a veteran.
If he doesn't sign by 6 p.m. today, Gugliotta's only option would be to try to work a better deal with a professional team in Europe.
But in an interview with Bullets broadcaster Charlie Slowes on WTEM-AM, Gugliotta said, "I haven't had any offer from Europe as yet."
He added, "My goal is to become a Bullet" and he viewed the prospect of playing in Washington as "a very good situation."
Gugliotta, who lives in Huntington Station, N.Y., said he understands how people might perceive him as "being greedy" for rejecting the Bullets' $10.7 million offer.
"But I'm not a greedy person," he said. "I made my thoughts known when I met with the Bullets coaches and media in Washington [last month]. It is just the situation that I'm caught up in."
Bullets announce 1992-93 schedule
With a commitment to become as much of a state team as the Orioles, the Washington Bullets again will play four of their home games at the Baltimore Arena during the the 1992-93 NBA season.
With the facility's recurring clock problems perhaps corrected, the Bullets have scheduled four new opponents at the Arena this season.
They will play the Minnesota Timberwolves on Nov. 27, the Detroit Pistons on Dec. 26, the New Jersey Nets on Jan. 16, and the Cleveland Cavaliers on March 13, with all games starting at 7:30 p.m.
The expansion Timberwolves will be showcasing All-America forward Christian Laettner of Duke, the only collegian selected to participate on the United States Olympic basketball team.
The Pistons, featuring Isiah Thomas and Joe Dumars, will have a new head coach in Ron Rothstein. A former coach of the Miami Heat, Rothstein replaced Chuck Daly, the new boss of the Nets who is coaching the Olympians.
The Cavaliers are considered the chief Eastern Conference threat to the Chicago Bulls in their bid for a third straight NBA title.
The Bullets split their four games at the Arena last season. The first three games were marred by repeated electrical failures that caused chaos with the scoreboard and 24-second clocks.
Washington officials were told by the NBA to correct the problem or face the possibility of no longer being allowed to play "home" games in Baltimore.
The electrical snafu was traced to the hydroculator Bullets trainer John Lally uses for the players' heating pads. It would cause a power outage in the scoreboard. The final Bullets game here against the Milwaukee Bucks, March 7, was played without incident.