Knicks Extend Qualifying Offer To Chris Copeland

The Knicks have formally extended a qualifying offer to Chris Copeland, making him a restricted free agent, according to Jared Zwerling of ESPNNewYork.com (via Twitter). The offer is for a one-year deal worth $988,872.

Copeland's is the first of many qualifying offers we're likely to see this week. As we explain in our Hoops Rumors glossary, QOs are one-year deals that a player has the option to accept. The offers, which vary in value based on a player's service time and previous contract status, also give the team the right to match offer sheets for the player in free agency.

As I noted this morning, however, because the Knicks are in the tax, they may not have the opportunity to match on Copeland if a rival suitor, such as the Pelicans or Pacers, offers a starting salary worth more than the taxpayer mid-level exception (approximately $3.18MM). The reported interest in Copeland also makes it unlikely that he'd accept the $988,872 offer from the Knicks, since he figures to receive larger bids on the open market.

Leave a Reply

3 Comments on "Knicks Extend Qualifying Offer To Chris Copeland"


Guest
Kyle Randolph
2 years 2 months ago

He leaving we got no cash

Guest
brian
2 years 2 months ago

We should of started him for Pacers series… Woody messed up. He can drop 25 a game easy if given the green light. Amare came back and it took his mins away.

Guest
Midel Cashflow
2 years 2 months ago

Why would Copeland stay with the Knicks after the way Mike “I Haven’t got a clue” Woodson treated him, by banishing him on he bench? No “young” (he was young on this squad) will ever play for Woodson after seeing that. I wish him well. Go NY.

 

Get the hottest NBA news and rumors before anyone else! Follow us on Twitter to stay updated: