JULY 6: The Blazers have offically re-signed Hood, the team confirmed today in a press release.
JUNE 30: Free agent Rodney Hood has agreed to stay with the Trail Blazers on a two-year deal, according to ESPN’s Adrian Wojnarowski (Twitter link).
While Woj pegs the value at $16MM, Jason Quick of The Athletic reports that the agreement will be worth $5.7MM next season and contains a $6MM player option for the following season. Those numbers make more sense, as Portland doesn’t have Hood’s Bird rights and likely will be limited to the taxpayer mid-level exception.
Portland acquired Hood in a deal with Cleveland prior to the trade deadline last season, using his scoring and energy off the bench heading into the playoffs. The team recently traded for Kent Bazemore as insurance on the wing if Hood committed elsewhere, but the two sides were able to finalize an agreement less than an hour into free agency.
Hood, 26, averaged 9.6 points per game in 27 contests with the Blazers this season, shooting 45% from the floor and 35% from 3-point range. He was the No. 23 overall pick in the 2014 NBA Draft to Utah.
Underrated move. I’ve always liked Rodney as a player. Size, length, beautiful shot and a good shooter, can create his own offense, and length on defense. Always wondered why he never put it all together, he could be an all star level player. Good move by the Blazers
Money well spent. I just wish he signed before Aminu went to the Magic so that we could’ve used Aminu’s bird rights to bring him back. 3 years/29m is very reasonable for him.
The Blazers are loading up with shooters with Bazemore,Hood, and maybe Little.
Unless my calculator is broken, 5.7 + 6 does not equal 16…
They got a good deal here.
Yes a short time ago he was supposed to be out of that range. He must like how things turned around for him there.