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Ok, so what this means is Duhon will be our backup PG. There is no way the Bucks can trade Sessions until Dec. 15 if they match the offer, meaning a trade for Duhon is dead. The only thing Mil. can do now is match the offer.
Some factors in our favor
Matching a four year deal for a PG when you already have your PG of the future is foolish.
Per this article Mil. has not shown a lot of interest in re-signing him because of Jennings. Plus they do have Luke Ridnour to backup (or start in front of) Jennings.
matching this deal puts them in luxary tax territory, and they are not exactly leading the league in ticket sales and merchandise.
Not to mention the loss of Charlie V and Richard Jefferson means they are likely not in the hunt for the playoffs. Meaning they will be paying a luxuary tax on a low market, losing squad (gotta love Dolan's money at a time like this!)
Walsh has good reason to sign and not offer a trade, we will see in seven days what the verdict will be on this decsion.