Qualifying Offer Deadline Looms For Patrick McCaw

8:30pm: McCaw plans to turn down the two-year offer, Marc Spears of ESPN tweets.

7:21pm: McCaw is mulling a two-year, $4MM offer from the Warriors, Logan Murdock of the San Jose Mercury News reports. The team’s offer will still stand even after Monday deadline, Murdock adds.

9:23am: Today is October 1, which means it will likely be the last day for Patrick McCaw to accept his qualifying offer from the Warriors. If McCaw doesn’t sign his qualifying offer – or another deal – today, he would remain a restricted free agent, but he’d no longer have that QO as a fallback option.

By NBA rules, teams are permitted to extend the qualifying offer deadline beyond October 1, so the Warriors could leave McCaw’s QO on the table if they so choose. However, clubs rarely agree to push back that deadline, since removing the qualifying offer from the equation improves a team’s leverage, limiting the restricted free agent’s options.

In McCaw’s case, his qualifying offer is worth approximately $1.71MM, which is $200K more than his minimum salary of $1.51MM. At this point on the NBA calendar, the 22-year-old shooting guard seems unlikely to receive an offer sheet from a rival team, so if he’s uncertain about his chances of getting a decent multiyear offer from Golden State, it might make sense to accept his QO today.

Still, as Bobby Marks of ESPN notes (via Twitter), because he only has two years of NBA experience under his belt, McCaw is in a tough spot. Unlike players who accept qualifying offers at the end of their four-year rookie contracts – such as Rodney Hood with the Cavaliers – McCaw wouldn’t be on track for unrestricted free agency in 2019 if he signs his QO this season. Instead, he’d be eligible for restricted free agency again next summer.

The Warriors have been holding a roster spot open for McCaw, who struggled during his sophomore season in 2017/18. In 57 games (16.9 MPG), the former second-round pick averaged 4.0 PPG, 1.4 RPG, and 1.4 APG with a .409/.238/.765 shooting line.

McCaw is the only restricted free agent left on the market.

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