Posted by Coach J on January 06, 2018 at 04:11:15:
In Reply to: Re: KP3 has no future with the Lakers posted by wannabe capologist on January 05, 2018 at 23:27:01:
: KCP had asked for the max extension allowable for a player of his credentials (5yr-$125 mil) before the 2016-17 season (the final year of his rookie deal), when players are allowed to negotiate with their team to avoid going into restricted free agency. The Pistons said no, but in November 2016 initially made the qualifying offer. On 7/7/17 they withdrew it by renouncing him, as Detroit knew he'd possibly get 60m/4 years on an offer sheet and that money could help elsewhere on the roster. No reason to not rescind the offer when you know you won't match it. His agent likely requested this b/c it would allow him some choice in his destination - there is no chance he would be a Laker right now had Detroit not renounced him, and he wouldn't be a Piston either, in all likelihood.
: Restricted Free Agency begins with a team making a qualifying offer of 5-8 million, and this counts as 12-15 million against the cap going into free agency (the dollar amount depends on a players' draft position). The Pistons acquired Bradley and as you said, KCP wasn't worth it, especially after drafting Kennard from Duke.
: But the Nets had interest initially and had they signed KCP to an offer sheet in restricted free agency, that takes up the Pistons' cap space for three days. That's why the Pistons renounced him, can't risk that happening on the tenth and have a cap hold in place for the first couple days players can actually sign.
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