An opposing executive estimates Allen could receive around $20 million annually. Depending on the length of the deal, either four or five years, it could total close to $100 million.
Chris Fedor: #Cavs have extended a qualifying offer to center Jarrett Allen, making him a restricted free agent, league sources tell @clevelanddotcom
According to league sources, the Cavaliers have begun to explore trade options involving leading scorer Collin Sexton. Sexton, 22, is extension-eligible this summer, averaged 24.3 points per game last season, and appears likely to seek a maximum contract. Also eligible for an extension is 23-year-old center Jarrett Allen, who is also expected to command a lucrative deal.
Q: So the Cavs draft Mobley, what do they do with Allen? A: I had this discussion with Chris Fedor, cleveland.com’s superb basketball writer. He quickly said, “Sign-and-trade.” Q: And you said? A: “Sign-and-trade? Sure. Makes sense.”
Q: Why don’t the Cavs sign him? A: That will be the plan, unless Mobley falls to them. Perhaps they keep both big men. But they have to find ways to add talent besides the draft. Their salary cap is clogged with Kevin Love and some other high-priced players. Nor is Cleveland a prime free-agent destination. A trade is more likely to bring in significant veteran talent.
Some executives around the league believe the Charlotte Hornets could make a play for him (Jarrett Allen) as they need a center and have cap space, even though he’s a restricted free agent. Some have floated out Dallas. Ultimately, I see him staying in Cleveland because they can match anything and gave up a pick to get this guy. They believe in him as the long-term future starting center and a member of their core going forward.
Cleveland Cavaliers center Jarrett Allen will be a restricted free agent in the offseason, meaning Cleveland will have the right to match any offers the big man receives on the market. The Detroit Pistons, Toronto Raptors, San Antonio Spurs and Washington Wizards are some of the teams expected to have some level of interest in the young 7-foot rim protector, league sources told Yahoo Sports.
Earlier in the season when he was a member of the Brooklyn Nets, a healthy rookie-scale extension wasn’t feasible due to the cap restraints of the team. A four-year, $48 million extension was offered and politely declined, sources said. Allen, 22, will be open to all situations as he hopes to collect on his first major payday in the league, sources said.
The Nets and Jarrett Allen were unable to agree on a contract extension before the deadline this past Monday, but Nash said he is sure there’s a lucrative deal in the 22-year-old’s future. “I haven’t talked to him about that,” Nash said. “We’re focused on the season. He has a bright future. He’s going to have a big contract whenever the time is.
“The guy was unbelievable [Friday]. He was good in the first half, he was special in the second half. That’s what it’s going to take to win, especially as we’re forming here, is special efforts and man, he was good. … Defensively, protecting the rim, loose balls, rebounding at both ends, he was outstanding. We’re proud of him and he’s continuing and improving at this stage of his career.”
Chris Haynes: Brooklyn Nets and center Jarrett Allen will not agree to a contract extension and he will be a restricted free agent at the end of the season, league sources tell Yahoo Sports.
According to a league source close to Allen, he wants to remain a Net long-term, has enjoyed learning from Kevin Durant and Kyrie Irving, and believes the team is a championship contender.
How much is Allen looking for? In the Hoop Collective podcast, Bobby Marks, the former Nets assistant GM hears the 22-year-old has a number in mind ... a big number. “He’s looking for a Clint Capela-type of money,” Marks told Brian Windhorst.
Bobby Marks said he believes the Nets will not sign Allen to an extension but will instead wait and see how he does this season. “I would think it’s hard for me to extend him to that type of number and the other thing is if you extend these guys, you’re basically off the board for a year because of the poison pill restriction in your contract. So it’s not like he’s tradeable so I think if I’m Brooklyn and if I can get him in that $12-14 million range, I’m looking for a below-market type of deal here,” Marks added.
September 16, 2021 | 8:36 pm EDT Update
Keith Smith: The Shanghai Sharks have signed former NBAers Jimmer Fredette and Noah Vonleh. This will be Fredette’s 5th season with Shanghai. He last played in the NBA in 2019 with the Phoenix Suns. Vonleh was briefly with the Brooklyn Nets last season. This is his first season with Shanghai.
NBA star Giannis Antetokounmpo was in Greece for a meeting with the country’s prime minister Thursday and a special ceremony to bestow Greek citizenship on his mother Veronica and younger brother Alex. Antetokounmpo, who led the Milwaukee Bucks to the NBA championship in July, attended the ceremony at the official residence of Prime Minister Kyriakos Mitsotakis. The 26-year-old Antetokounmpo was born in Athens, the son of Nigerian immigrants. He was granted Greek citizenship in 2013, allowing him to travel to the United States and join the Bucks later that year.
“We always felt Greek, but now we have an official stamp and we are happy,” Antetokounmpo told reporters after the ceremony. “Alex and my mom are Greek citizens now.” Antetokounmpo also traveled to Greece in August with his brother Thanassis, carrying the Larry O’Brien NBA championship trophy. He took the trophy to the ancient Acropolis in Athens to celebrate with members of his family.
September 16, 2021 | 8:07 pm EDT Update
Keith Smith: Cleaning up some loose ends on TPEs for the Boston Celtics… The Celtics used the Daniel Theis $5M TPE to acquire Kris Dunn in the three-team deal with the Hawks and Kings. That leaves Boston with five current TPEs. Those TPEs and expiration dates are in the next tweet. 1/2
Keith Smith: Current Boston Celtics TPEs: $17,142,857- Evan Fournier – expires 7/18/22 $9,720,900- Tristan Thompson – expires 7/7/22 $5,096,479- Kemba Walker – expires 5/17/22 $500,000- Moses Brown – expires 6/27/22 $370,564- Jeff Teague – expires 2/11/22 Reminder: TPEs cannot be combined together! 2/2