8:56 pm: Confirming that the Sixers have offered Grimes a one-year contract worth more than his qualifying offer (which would require him to waive his no-trade clause), Tony Jones of The Athletic reports that the Sixers and the RFA wing also have mutual interest in working out a longer-term deal.
While both sides are amenable to the idea of working out a four-year agreement, they’re far apart on what the money in such a contract would look like, Jones adds.
3:01 pm: Restricted free agent Quentin Grimes and the Sixers are still “very far apart on a deal” to resolve their summer-long standoff, Shams Charania of ESPN said in an appearance on NBA Today (Twitter video link).
Agent David Bauman told Charania that today was the first time the team made a “formal, hard offer” since free agency began. Bauman said Grimes won’t attend Philadelphia’s media day on Friday and he doesn’t plan to accompany the team this weekend to Abu Dhabi, where they’ll play two preseason games against the Knicks.
Charania points out that the Sixers have less incentive to offer a lengthy contract to Grimes after landing dynamic shooting guard VJ Edgecombe in the draft. Coupled with uncertainty over the health of stars Joel Embiid and Paul George, Philadelphia may not want to add another expensive deal to its payroll.
Charania suggests that the likely resolution appears to be Grimes either accepting the team’s $8.7MM qualifying offer, or possibly a larger one-year deal where Grimes would waive his no-trade clause. Either way, he would become an unrestricted free agent next summer when more teams will have money to spend.
Grimes was acquired from Dallas in a February trade, joining a team that was decimated by injuries and had difficulty fielding a competitive roster. He immediately became the Sixers’ offensive star, averaging a career-best 21.9 PPG in 28 games while shooting 46.9% from the field and 37.3% from three-point range.
He had hoped those numbers would lead to a lucrative new contract, but he ran into a difficult market for a number of restricted free agents. Josh Giddey reached a new deal with the Bulls, but Cam Thomas accepted his qualifying offer with Brooklyn and Jonathan Kuminga remains in a standoff with Golden State.
Charania also provided an update on Kuminga, saying he’s the only projected member of the Warriors‘ roster who is not attending a mini-camp that Jimmy Butler is holding in San Diego this week.
Kuminga is still locked in a “stalemate” with the team, and Charania said agent Aaron Turner told him on Wednesday that the Warriors’ insistence on a team option “still remains critical” in keeping the two sides from reaching an agreement.