Overview

• Reporting indicates Thomas is deciding between a roughly $6 million one-year qualifying offer and a two-year offer averaging about $14 million annually.
• The two-year proposal is expected to carry a team option in year two, leaving only the first season guaranteed under either path.
• Accepting the qualifying offer would position Thomas to reach unrestricted free agency in 2026.
• The decision comes weeks before training camps open, with the restricted free agency window set to close on October 1.
• This standoff mirrors a broader offseason trend for RFAs such as Josh Giddey, Jonathan Kuminga and Quentin Grimes as teams manage costs under the second apron.