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Monte McNair Rumors

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.
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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.