David Griffin: Cavs will extend qualifying offers to make Iman Shumpert, Matthew Dellavedova restricted free agents

The Cavs offseason started about two months later than what most fans, and the team itself, have become accustomed to. Things will be moving very quickly. We are just a week away from the NBA draft, and teams and players have decisions to make before free agency gets underway on July 1.

Addressing the media today, Cavaliers general manager David Griffin indicates that at least one choice has been made: Iman Shumpert and Matthew Dellavedova will each be extended a qualifying offer from the team.

GM David Griffin says that the #Cavs will make qualifying offers to both Iman Shumpert and Matt Dellavedova.. .."We want them both back."

— John Michael (@CavsJMike) June 18, 2015

So the question becomes, then, what does this mean? Shumpert's offer will be one year for just shy of $3.7 million. Dellavedova's will be about $1.15 million for one year. The players will then have three options. They can accept the one year offer and become outright free agents next summer, they can negotiate a longer deal with the Cavs, or they can sign a deal with another team. If they sign a deal with another team, the Cavs will have the right to match it and retain their services.

Tristan Thompson will likely go through a similar process. The only downside of the qualifying offer would be that they limit cap space even before the players sign. The Cavs, though, don't have any cap space at all, so it just makes sense.