#qualifying-offer

#qualifying-offer

Bauman said the Sixers' first formal proposal of the offseason came on Sept. 24 -- nearly three months into free agency -- with a four-year, $39 million offer. Days later, Grimes was offered a one-year, $8.8 million deal that gave him $100,000 more than his qualifying offer in order to waive an inherent no-trade clause. Those frameworks were declined, Bauman said, and negotiations never advanced.

This offseason's qualifying offer will be worth approximately $22MM, according to Joel Sherman of the New York Post. The exact figure won't be known for another five or six weeks, though Sherman writes that the final total will probably be a little under $22MM, according to sources within both the league and the players' union. This would track with Sherman's early estimates about the QO in each of the last two seasons - he reported a $20.5MM approximate for 2023-24 that ended up being $20.325MM,