The Cavs carved out a place in their imaginary budget with what they believed to be a reasonable offer. They were willing to go three years at a little more than $7 million annually — a deal close to what Lou Williams received with the Clippers in a February extension. Hood either wanted a shorter deal to get back into free agency quickly or a longer contract that carried a eight-figure salary per year — closer to the Smart contract.
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According to those involved with the off-season negotiations, the Cavs and Hood are in a good, healthy spot. There are no hard feelings. Ultimately, Hood made the decision to play this season on the one-year qualifying offer.
So Hood took the Cavs’ one-year deal with the full intention of earning a much more lucrative contract from them next summer when he’ll be an unrestricted free agent. “I believe strongly in myself that after this year I’ll be able to make Cleveland my home and we’ll get a better deal next summer,” Hood told cleveland.com Monday in a wide-ranging interview.
The Cleveland Cavaliers have re-signed guard Rodney Hood, Cavaliers General Manager Koby Altman announced today, September 10 from Cleveland Clinic Courts. The Cavaliers extended a qualifying offer to Hood on June 29, 2018. In 21 games (11 starts) with Cleveland last season, Hood averaged 10.8 points and 2.6 rebounds in 25.3 minutes per game. He was acquired by the Cavaliers from the Utah Jazz as part of a three-team trade on Feb. 8, 2018. On the season in 2017-18, Hood averaged 14.7 points and 2.8 rebounds in 26.9 minutes per game over 60 contests (23 starts) with Utah and Cleveland.
Shams Charania: Cavs’ @Rodney Hood filed paperwork for 1-year, $3.4M deal to return to Cleveland, tells me: “I’ve been working really hard this summer, improving my body and game. I’m excited to get to work with my teammates, looking forward to having my best year and going back to the playoffs.”
Cleveland is now up to $115.7M in salary after Rodney Hood signing the $3.4M one-year qualifying offer. Hood has the right to veto any trade but would lose bird rights if moved. Cleveland is currently $8M below the luxury tax with 14 guaranteed contracts. The Cavaliers still have the $8.6M midlevel, $3.4M bi-annual and 3 trade exceptions valued at $2.5M, $1.4M and $1.3M.
Rodney Hood ended his restricted free agency by accepting the Cavaliers’ $3.4 million qualifying offer and placing a bet on himself for a big season this year. He informed the Cavs of his decision today, sources told cleveland.com.
Cavs former general manager David Griffin told cleveland.com’s Wine and Gold podcast that he thought Hood would be the team’s primary scorer late in games — a sign of how valuable a player he could be this season. … The roster now stands at 14 players heading into training camp, which is likely where it will stay. The Cavs’ payroll for this season is now in the $115 million range — which is above the league’s $101 million salary cap but under the $123 million luxury-tax line.
The Cavs now 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.
Scout’s Take [on Rodney Hood’s free agency]: “Cleveland can get him for a song and dance at this point. I don’t think anyone else wants him, which is surprising because I really liked him in Utah. Utah just let him fly. I was impressed with how he came back in the Finals as an ‘I’ll show you’ game. I always liked him. He’ll be good in Cleveland because Cleveland’s going to be bad, and they’ll need his scoring. Who else are they going to go to? He’ll get quality minutes on that roster. How could he not? I’m not sure how tough he is, though. He can put up big scoring numbers on a bad team.”
Jordan Schultz: Rodney Hood seems to only want a fair short-term deal, but Cleveland has not put what Hood feels is an acceptable offer on the table and contract talks have stalled, per sources familiar with the negotiation. #Cavs
The Cavs have extended Rodney Hood a $3.4 million qualifying offer for 2018-19. I’m told they are interested in signing the restricted free agent to a 3-year contract. My guess is it will be relatively modest, especially compared to what he hoped to receive when he came to the Cavs in February in a trade with Utah.
A team source said Hood, 25, remained in the team’s plans — a strong indication the team would match an offer he gets elsewhere. They could also use the aforementioned mid-level exception to sign him. In the past two days, restricted free agents Marcus Smart (four-year, $52 million with Boston) and Montrezl Harrell (two years, $12 million with the Clippers) signed new deals with their old teams.
Bobby Marks: We now have 4 restricted free agents left on the board after the Marcus Smart signing: Clint Capela (HOU), Rodney Hood (CLE), Patrick McCaw (GSW) and Montrezl Harrell (LAC).
Kendrick Perkins had a $2.4M cap hit that was non-guaranteed. The Cavaliers now have 11 guaranteed contracts and 1 non-guaranteed, Okaro White. The $1.5M contract for White has $750K protection if the forward is not waived by August 5. Cleveland is now $14.3M below the tax with restricted free agent Rodney Hood still unsigned.
Joe Vardon: “With Rodney Hood, the Cavaliers certainly intend on bringing him back. There’s been reports of some discussions between the Kings and Rodney, and maybe the Rockets and Rodney – I think the offer at this point would have to be stunning for the Cavs not to bring [Hood] back. They insist he is part of their plans.”
Jordan Schultz: Sources: #Bulls / #Kings remain in play for #Cavs’ RFA Rodney Hood. Hood, 25, would provide shooting for CHI – 26th in 3-pt % – and offense for SAC – dead last in scoring last year – after Zach LaVine’s offer sheet was matched by Bulls. 3-horse race for Hood: Cavs, Kings, Bulls.
Altman said restricted free agent Rodney Hood is “part of our plans,” and said the Cavs had held discussions about offering a contract extension to Larry Nance Jr.
But a source told Sporting News that the Cavs still intend to keep Hood, who is said to be a fallback option for the Bulls should their negotiations with shooting guard Zach LaVine fall apart. If Hood, who is only 25 and was averaging 16.8 points before the trade to Cleveland, gets an offer from Chicago or anyone, the Cavaliers will match. Both the Cavaliers and Hood, the source said, are braced for the possibility that Hood will sign the one-year qualifying offer, which allows him to become an unrestricted free agent next summer, with the hope of rebuilding his value this season.
The Cavaliers will extend a $3.4 million qualifying offer to guard Rodney Hood, a league source confirmed. Hood will become a restricted free agent, but the move gives the Cavs the chance to match any offer Hood receives from another team. The league deadline to make qualifying offers is Friday.
Most NBA insiders say Hood cost himself lots of money with his postseason struggles, limiting the contract offers he might get this summer (he averaged 5.4 points, shot .167 from 3, and his plus-minus of minus-93 was the worst of the NBA playoffs). The Cavs could still sign him to a long-term contract in July without first making a qualifying offer to him. Team sources say they like Hood and his future on the team, but no one’s tipped a hand as to what’s next for him.
Rodney Hood: I do know there are teams, including Cleveland, that are very interested in me playing there for the next four years. Three, four years. But I want to be somewhere where I’m embraced as a player. Go somewhere where I can grow as a player, grow into who I’m becoming as a player, person, and a man. That’s pretty much all I’m looking forward to.
Rodney Hood: You don’t be a free agent every single year. It only comes around two or three times, luckily, in your career. Whatever happens, whether I’m here or whether I’m somewhere else, I want to be able to say I won a championship and say I played in the Finals and played well in the Finals, and I can be able to take this experience with me somewhere else or if I stay here in Cleveland I’ll be able to take this and really propel my career to something bigger and better.
Rodney Hood: Obviously their number one priority is LeBron and seeing what he’s gonna do. I think they do want me in their future. They’ve told me that. But obviously the money has to be worked out and so I really don’t know exactly what has to happen. But for me it’s just about doing what’s best for me and my family. I think Cleveland is going to do what’s best for that organization, and LeBron is going to do what’s best for him, and everybody can respect that.
Hood acknowledged it has been hard to adapt to the worldwide spotlight that comes with playing with James and the four-time reigning Eastern Conference champions. Hood also could have added stress from being a restricted free agent this offseason. “This is something different. It has been tough,” Hood said. “The basketball stuff has been the easiest part. The stuff that comes out of it, you lose a game and everyone talks about it on TV the next day. They may say some things that you may not agree with. If you win a game, you’re supposed to. Those kind of things are something I kind of got on a much smaller scale and dealt with at Duke.
Rodney Hood, who will be a restricted free agent this summer, said his impending contract situation is not on his mind as he tries to find a fit with his new team. “I mean, now, I’m playing to try to win a championship,” Hood said. “That’s the biggest thing. … I’m going to continue to get better here, but right now it’s just all about winning and that will take care of itself during the summer.”
Hood will hit restricted free agency this summer and has generated interest from the Bulls and Pistons. It’s been readily reported that Utah has sent feelers for Bulls forward Nikola Mirotic. The Pistons also have also looked into Mirotic, and it was recently reported that Chicago has interest in Jazz forward Derrick Favors.
Rodney Hood and the Utah Jazz will not come to an agreement on a contract extension, barring a last minute change, sources tell The Salt Lake Tribune, clearing the way for Hood to become a restricted free agent next summer.
Sources say the Jazz believe in Hood, but want to see him stay healthy and show more consistency, especially offensively. If he can do that, sources say the Jazz will be open to matching any offer for him next summer, even if he signs an expensive deal with another team.
The Utah Jazz and starting shooting guard Rodney Hood have opened contract extension negotiations, the Salt Lake Tribune has learned. The two sides have had preliminary conversations as the Jazz hope Hood can become their primary perimeter scorer this season after Gordon Hayward left for the Boston Celtics. Another meeting is expected to occur in the next few weeks, according to league sources. Hood, who will enter his fourth season in the league, is eligible for a rookie scale contract extension, with Oct. 16 the deadline to reach an agreement.
Hood likes Salt Lake and the Jazz and is very open to signing an extension, sources say. He’ll test the market if needed, but he wants to be with the Jazz. For both sides, it’s all about coming to a palatable price.
Once it became apparent that Rudy Gobert was indispensable, the Jazz re-signed the big man to a $102 million deal in 2016. And, according to previous reports, the Jazz were willing to pay Gordon Hayward up to $177 million if he chose to stay in Salt Lake City, which could in turn increase Hood’s chances of becoming the next player in Utah to get a substantial raise. The loss of Hayward creates room for Hood to prove himself to Utah’s brass, further cementing himself as one of the team’s core pieces. Hayward led the team in shots per game with 15.8 and George Hill was second at 12.4. Someone has to fill the scoring void, and it likely won’t be any of the players the Jazz signed this offseason.
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December 11, 2018 | 8:17 pm EST Update
There is little doubt the Celts will be ringing the Pelicans’ phone next summer to investigate what it might take to extradite Davis from the Crescent City. But, as noted here before, no deal can be made this season that joins Davis and Kyrie Irving because both are under Rose Rule maximum contracts, and teams are allowed just one each. Irving presumably will be on a new deal next offseason when he opts out and signs here for more money and years.
The other relevant fact in all this is if the Pelicans do entertain offers for Davis, who cannot opt out and become a free agent until the summer of 2020, the Celtics will have the most to offer in terms of quality players and quantity of first-round draft picks. League execs have speculated that Irving and Jayson Tatum might be the only untouchables — and even that could be negotiable for a star who won’t turn 26 until March.
In between tipoff and the final buzzer, there were flashes of Wade turning back the clock and plenty of cheers. He received a standing ovation upon entering the game off the bench in the first quarter, and later was the subject of a tribute video.
“I thought it was incredible,” Wade said of the gesture. “I wanted to thank Rob Pelinka, Magic, Jeanie Buss. Just the whole Laker front office and Laker Nation for allowing that to happen. I did not expect that. That was so cool. I looked over and saw my wife beaming. It was great. I appreciate them for giving me that moment.”