Williams’ QO, which is essentially a one-year contract offer, is worth $8,486,620. Williams will have the option of accepting that offer, which would put him on track for unrestricted free agency in 2024. However, it’s more likely he’ll negotiate a longer-term contract, either with the Celtics or another team.
As long as the QO remains on the table, the Celtics will have the right to match any offer sheet Williams signs with a rival suitor. One recent report indicated that Boston and Williams plan to negotiate with one another in hopes of reaching a deal, but will be prepared to explore sign-and-trade opportunities if they can’t find common ground.
The Celtics’ acquisition of Kristaps Porzingis is expected to reduce the odds of a return to Boston for Williams, since there will be fewer minutes to go around in the frontcourt and a new deal for Williams would likely push the team’s salary well beyond the restrictive second tax apron.
Williams and the Celtics reportedly explored a four-year extension worth in the neighborhood of $50MM last fall, but the 24-year-old decided to forgo a new deal at that time and take his chances in restricted free agency.