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Thompson, Cavaliers don't agree to extension

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It appears that Tristan Thompson will be a restricted free agent next summer.

David Richard-USA TODAY Sports

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.

ESPN's Brian Windhorst and Chris Haynes of the Northeast Ohio Media Group subsequently confirmed Amico's report.

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.