Overview

• The Brooklyn Nets have offered Thomas a two-year, $28 million contract with a team option in Year 2, far below his four-year, $20–30 million per season target.
• Brooklyn remains the only franchise with substantial cap space and no competing offer sheets have materialized for Thomas.
• Accepting the qualifying offer would grant Thomas a no-trade clause for 2025–26 and allow him to become an unrestricted free agent next summer.
• The Nets have held firm on flexibility to support their roster overhaul, which includes the addition of Michael Porter Jr. and several 2025 first-round draft picks.
• Analysts cite Thomas’s low rim-finish rate, inefficient isolation scoring and fit concerns in Brooklyn’s ball-movement, defense-first system as reasons for the team’s cautious approach.