With the Cavaliers finally releasing details on David Nwaba’s one-year, minimum salary deal, the team’s roster is almost entirely finalized with one notable exception — Rodney Hood.
Hood’s been sitting in restricted free agency all summer with little news available as to when the saga will end.
Well, Joe Vardon is reporting that Hood is still unsure whether to take his $3.4 million qualifying offer so he can re-enter the market as an unrestricted free agent next offseason or to accept the Cavaliers current three-year offer.
The Cavs have 13 players under contract heading into training camp, which starts with media day on Sept. 24. They are waiting on restricted free agent Rodney Hood, who is looking at either accepting the Cavs’ one-year, $3.4 million qualifying offer or trying to get them to come up from their three-year offer worth, according to sources, about $7 million annually.
Hood is said to be looking for something in the $9 million range annually.
Ultimately, it appears that the impasse is over $2 million annually, but we also don’t know how long Hood would like to sign for. It’s possible that he’d like a shorter deal at that higher number in order to rebuild his value around the league.
There’s also a side benefit to accepting the qualifying offer — it gives Hood a no-trade clause for the year to avoid being sent somewhere he doesn’t want to go long-term.
There seems to be interest on the Cavaliers side of things — if there wasn’t, they’d just pull the qualifying offer. They’re going to want as many swings as possible on young-ish players, and Hood certainly fits the bill, even with his baggage from the playoffs. They shouldn’t break the bank, and the value of that swing collapses if they lock themselves into too much money long-term.
The Cavaliers have all the leverage in this situation, and should continue to behave as such.