Kid, 4-40 is both a great plan to turn Mudiay into an albatross and a perfect example of the kind of move that got Phil Jackson fired.
That'd be an awful deal.
If you think Mud is worth $10M, at most you sign him to a 3/$30M deal with a team option on the Y3. So if you're going to overpay him, only guarantee 2 years. Problem is, Mud still ain't really a good player, nor worth $10M each of the next two years, so you'd be overpaying.
I don't think they'll be much of a market for Mud.
He's sloppy at lead guard. Which maybe 5 teams need, but likely won't want him. He's sort of the inverse of a 3&D player -- a midrange shooter with weak D,. That's not where the game is going and what's valued these days. And if he can't keep up his midrange FG%, achieved in a contract year on a weak team, he could be pretty useless unless he can gets his 3 into shape.
As of now, Mud is really a 2nd unit combo guard, who is inconsistent and mistake prone, but can score. Which is okayish. But not worth near $10M. 4/$22M would be reasonable. Because he'd likely retain trade value at that level. And he could develop/improve. If Mud falls into the $7M-$8M range, which is possible, I'd want to know how else that money could be spent and again be wary of any long term commitment. Over $6M, I'd wash my hands of Mud, anoint Jr. Smith starting PG and begin the rehab of Frankina.
That might be the best move for clarity anyway.
Who you prefer? Smith & Mud? or Smith and Franc? The latter tandem is cheaper and gives you one PG who plays D, so I'd opt for Franc over Mud. [I guess the 3rd option is Mud & Franc, but it's be Sell Low on Jr. Smith with him being shifted again so soon, and he deserves time to show what he can do.
Maybe that can be a new poll:
Who do you prefer at PG:
* Smith & Mud
* Smith & Franc
* Mud & Franc