Contract talks between the Cavaliers and restricted free agent Rodney Hood have stalled for the time being, a source familiar with the negotiations tells Jordan Schultz of Yahoo Sports (Twitter link). According to Schultz, Hood seems to be seeking a short-term deal that he feels is “fair,” but the Cavs have yet to put an offer on the table that he deems acceptable.
The Cavaliers appear to have earmarked a roster spot and a portion of team salary below the luxury-tax threshold for Hood, but have been unable to find common ground with one of the last two restricted free agents on the market. A recent report indicated that Cleveland is interested in re-signing Hood to a three-year deal — it’s not clear if that would work for the 25-year-old or if he’s seeking an even shorter term in order to return to free agency sooner.
Hood’s leverage is limited due to the lack of viable suitors left for him around the NBA. The Kings are the only team with significant cap room still available, but Sacramento has 15 players on guaranteed contracts and seems unlikely to make a play for the Cavs swingman at this point.
Hood can’t even realistically seek an offer sheet worth the full mid-level exception, since only two teams still hold that $8.641MM exception — one is the Cavs and one is the Jazz, who reportedly don’t have interest in a reunion with their former first-round pick.
The threat of signing his one-year, $3.47MM qualifying offer may help improve Hood’s position in negotiations, since he’ll be in line for a larger role in Cleveland in 2018/19 and could increase his stock in time for unrestricted free agency next summer. Still, taking that path would be a risk for Hood, since there’s no guarantee he’ll get better multiyear offers in 2019 than what the Cavs are offering now.