The Cavs reportedly withdrew their five-year, $80MM offer to Tristan Thompson when his qualifying offer expired on October 1st. The sides were reportedly close to a deal for those terms on the first day of free agency in July, but instead they’ve been locked into a stalemate ever since, with Thompson’s camp apparently insistent on a max deal of either five years or three.
Thompson remains a restricted free agent, but only the Trail Blazers have the cap flexibility to sign him to a max offer sheet, and aside from them, only the Sixers can come close. The last day for Thompson to accept an offer sheet would be March 1st, if he still remains unsigned at that point. Should his free agency linger into next summer, the Cavaliers would have the opportunity to make a new qualifying offer by June 30th to continue his restricted free agency.
Here’s more from the week that was…
Free Agent Signings
- The Pelicans signed Jerome Jordan.
- The Pelicans signed Mirza Begić.
- The Pelicans signed Nate Robinson.
- The Pelicans signed Bo McCalebb.
- The Warriors agreed to a deal with Chris Udofia.
You can stay up to date on all of the signings with Hoops Rumors’ free agent tracker.
- The Warriors waived Tony Mitchell.
- The Rockets claimed Arsalan Kazemi off waivers from the Hawks.
- The Jazz waived J.J. O’Brien and Jack Cooley.
- The Warriors waived Ben Gordon.
- The Kings waived Marshall Henderson and Vince Hunter.
- The Suns waived Terrico White and Kyle Casey.
- The Nuggets waived Matt Janning.
- The Pelicans waived Corey Webster.
- The Jazz waived Grant Jerrett.
- The Warriors waived Juwan Staten.
- The Pelicans waived Mirza Begić.
- The Pelicans waived Jerome Jordan.
- The Nuggets picked up third-year team options on Gary Harris and Jusuf Nurkic for the 2016/17 season.
- The Lakers exercised their team option for the 2016/17 season on Julius Randle‘s rookie scale contract.
- The NBA is reportedly exploring the possibility of having a D-League team in Omaha, Nebraska.