According to Sam Amico of Fox Sports Ohio, the Cleveland Cavaliers and power forward Tristan Thompson have not come to an agreement on a contract extension. As a result, Thompson will become a restricted free agent next summer and will have a qualifying offer of roughly $6.7 million. The two sides had until midnight to come to an agreement.
Half hour until deadline for extension, told Cavs' talks w Tristan Thompson agent Rich Paul serious. Source: Offer worth more than $40 mil.— Sam Amico (@SamAmicoFSO) November 1, 2014
Now told Cavs not gonna go for $48 million for Tristan Thompson. It appears he will enter restricted free agency at end of season.— Sam Amico (@SamAmicoFSO) November 1, 2014
Update: Cavs have offered Thompson more than $48 mil. But either way, free agency not bad thing. He can test market in July, Cavs can match.— Sam Amico (@SamAmicoFSO) November 1, 2014
If Amico's report is accurate, the Cavs and Thompson are in an interesting spot in negotiations. According to Amico the Cavs offered over $48 million to Thompson - meaning if Thompson had agreed, he would have made over $12 million per year in a four-year contract. It is worth nothing, however, that a few minutes before reporting the $48 million-plus figure, the Cavs wouldn't go for a $48 million dollar deal.
As Amico notes, the Cavs will be able to match any offer Thompson receives in free agency. If Thompson is indeed turning down more than $48 million, it seems that he is betting himself to have a big year and get an even bigger offer in free agency.