According to sources, Tristan Thompson has said he would agree with the Cleveland Cavaliers for a three-year deal worth $53 million. However, the team is yet to agree to the deal.
This new offer by the restricted free agent is lower than the original maxed out five-year deal worth $94 million he first demanded by the team to re-sign with them. But the Cavaliers haven't accepted or rejected the new offer according to ESPN.
The team previously said they were willing to give the 24-year-old a five-year deal worth $80 million, but this doesn't meet Thompson's and his agent's, Rich Paul, previous demands so they rejected the offer.
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And while reports surfaced that Thompson had signed this three-year, $53 million deal with the Cavaliers, this was later denied by the team's general manager David Griffin according to ESPN.
Thompson was expected to sign a one-year qualifying offer worth $6.9 million with the team if no deal was reached by the end of the week and become an unrestricted free agent next year.
However, Paul said if his client signed the one-year qualifying deal, he would not sign another long-term deal with the team in 2016.
So long as they're not pressured by LeBron James, who said the team's priority in the offseason must be to sign Thompson to a new deal, the Cavaliers will most likely hold out. But it's a risky move to pull, as many teams will be interested in acquiring the 24-year-old's services once he becomes an unrestricted free agent.
Thompson has been an important player for the Cavaliers since being drafted by them with the fourth overall pick in 2011. He's appeared in 308 consecutive games for the side and has averaged 10.1 points and 8.4 rebounds.
He cemented his importance when he averaged 9.6 points and 10.8 rebounds in last season's playoffs. This is why it is so important for the Cavaliers to sign him because if they don't, they could miss out on a big future star.