Overview

• Brooklyn’s only proposal remains a two-year deal worth $14.1 million per season, with a team option in the second year.
• NBA rules cap rival offers at the $14.1 million non-taxpayer midlevel exception, ensuring Brooklyn can match any offer sheet for Thomas.
• Signing the $6 million qualifying offer would allow Thomas to become an unrestricted free agent and maintain veto rights on any trade but could limit his playing time.
• The Nets plan to exhaust remaining cap space through trades before invoking Bird Rights to re-sign Thomas if he remains unsigned.
• Negotiations have stalled with both sides in no hurry to finalize terms ahead of the qualifying offer deadline.