NBA Rumor: Terence Davis Free Agency

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A league source told The Sacramento Bee the 24-year-old guard is seeking a new contract worth about $9 million per year, which would be slightly higher than the four-year, $34.6 million deal De’Anthony Melton signed with the Memphis Grizzlies in November. It remains to be seen if Davis will be able to command that kind of salary two years after going undrafted out of Ole Miss, but his camp can draw comparisons to Melton based on his age and level of production.

Terence Davis to become restricted free agent

All it took was a future second-round draft pick for Kings general manager Monte McNair to acquire Terence Davis at the NBA trade deadline, but keeping him will be a lot more costly. Davis plans to turn down a $1.9 million qualifying offer from the Kings in order to become a restricted free agent, a league source told The Sacramento Bee. The 24-year-old guard will be seeking a new contract worth about $9 million per year, which would be slightly higher than the four-year, $34.6 million deal De’Anthony Melton signed with the Memphis Grizzlies in November.

The Kings have until Aug. 1 — the day before free agency begins — to extend a qualifying offer to Davis or he will become an unrestricted free agent. If the Kings tender a qualifying offer and Davis rejects it, he will enter restricted free agency, giving Sacramento the right to match any offer he receives. The Kings aren’t expected to have the salary cap space to match the kind of offer Davis is looking for, but the projected $9.5 million non-taxpayer mid-level exception could provide some flexibility. Under the Gilbert Arenas provision in the collective bargaining agreement, the first year of any offer sheet for Davis cannot exceed the value of the mid-level exception, so the Kings could use that money to re-sign him.
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September 27, 2021 | 10:03 am EDT Update

Contract extension on the radar for Karl-Anthony Towns

Towns has publicly committed to the Timberwolves several times, most recently at the end of the 2020–21 season, when he told reporters he wanted to have a career like Tim Duncan and Kobe Bryant, spending it all with one team. According to someone close to Towns, nothing related to that goal was altered in any meaningful way by Rosas’s dismissal. A contract extension is already on his radar.
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September 27, 2021 | 9:54 am EDT Update