Correct me if I'm wrong, but won't each of their contracts be expired on July 1st?
If so, what happens during the summer and during the lockout?
Let's break this down two ways:
1) Let's assume Herb wants both of them back, or at least he wants Larry and then Larry wants Jim.
Okay, in that scenario, would we see one or both of them signing an extension sometime in April or May, or would we see them get an extension in July?
I would almost have to assume April/May because is it even legal to sign a GM or coach with no CBA/during a lockout? Surely they wouldn't work without a contract for X months?
2) Let's assume either Herb doesn't want Larry back, or Larry just doesn't want to stay.
When would we expect to hear about this definitively? April/May, or July 1st+?