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Qualifying Offers: Clarkson, Dellavedova, Galloway

Players eligible for restricted free agency don’t become restricted free agents by default. In order to make a player a restricted free agent, a team must extend a qualifying offer to him. The qualifying offer, which is essentially just a one-year contract offer, varies in amount depending on a player’s service time and previous contract status. A qualifying offer is designed to give a player’s team the right of first refusal. Because the qualifying offer acts as the first formal contract offer a free agent receives, his team then receives the option to match any offer sheet the player signs with another club. You can read more about qualifying offers here.

Here’s the latest QO activity from around the league:

  • The Cavaliers tendered point guard Matthew Dellavedova a qualifying offer worth $1,434,095, making him a restricted free agent, Eric Pincus of Basketball Insiders tweets.
  • The Lakers have submitted qualifying offers to Jordan Clarkson ($2,725,003), Tarik Black ($1,180,431) and Marcelo Huertas ($1,074,636) making all three restricted free agents, but declined to tender one to Ryan Kelly ($2,155,313), making him an unrestricted free agent, Pincus tweets.
  • The Knicks submitted a qualifying offer to guard Langston Galloway ($2,725,003), but declined to do so for forward Cleanthony Early ($1,180,431), making him an unrestricted free agent, Pincus relays (via Twitter).

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