Browsing: oneyear

Basketball

Quentin Grimes picks up one-year, $8.7 million qualifying offer to return to Philadelphia

Quentin Grimes is betting on himself.

Grimes picked up the $8.7 million qualifying offer to return to the Philadelphia 76ers this season, a one-year contract that comes with a no-trade clause (which he can waive for a deal he likes) and makes him an unrestricted free agent next summer, a story first reported by Shams Charania of ESPN.

While the Sixers and Grimes†representatives discussed a deal all summer, they never came close to a final agreement. Grimes†agent, David Bauman, told ESPN that the teamâ€s first formal offer came only a week ago and was for four years, $39 million, which is well below the closer to $20 million a season that Grimes was seeking (Sixers officials pushed back on that number). Philadelphia retains Grimes†Bird rights and can re-sign him next summer, but after this negotiation there will be bridges to repair.

Grimes was one of the few bright spots in Philadelphia last season. After coming over at the trade deadline, Grimes averaged 21.9 points, 5.2 rebounds, and 4.5 assists a game. Pairing him in a backcourt with Tyrese Maxey, Jared McCain and No. 3 pick VJ Edgecombe could be the backcourt for the next decade, but also has the potential to be expensive (Maxey is already making $38 million this season). Add in having to pay Joel Embiid and Paul George more than $50 million each this season and the 76ers were not looking to go big on Grimes.

Grimes is betting that after a strong season, another team will (or at least there will be enough interest to pressure the Sixers to pay up).

With this signing, Philadelphia is $7 million over the luxury tax line with 14 roster players heading into the season (they are about $1 million below the first apron). As noted by ESPNâ€s Bobby Marx, this is a top-heavy payroll, with the top three players (Embiid, George, and Maxey) accounting for 74% of the salary cap.

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Cricket

Toby Roland-Jones: Middlesex seam bowler signs one-year extension

Middlesex seam bowler Toby Roland-Jones has signed a one-year contract extension to 2026.

The club legend, 37, has played his entire career for the county since making his debut in 2010.

Roland-Jones claimed a hat-trick as Middlesex beat Yorkshire to seal their first Division One title for 2023 years in 2016.

In 157 first-class appearances for the club, he has taken 577 wickets at an average of 25.14.

“I’m delighted to sign an extension with the club, a place that has been home for 16 years and counting now,” Roland-Jones told the club’s website, external.

“I remain as motivated as ever to try and push the standards and restore the club back to its desired position, competing in Division One cricket whilst challenging for white-ball honours.

“It was a privilege to lead this great club, and I’m equally excited to slip back into the bowling ranks and assist the new leadership in any way possible.”

Roland-Jones was the second-highest wicket taker in County Championship Division Two last season with 45.

He took 4-57 in his side’s final match of the season against Gloucestershire as they finished fourth in the table.

Roland-Jones has five England caps, four in Test cricket plus a lone one-day international.

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Basketball

Quentin Grimes, 76ers reportedly headed for one-year contract, but will it be qualifying offer or more?

Quentin Grimes wants to capitalize on his red-hot finish to last season after being traded to Philadelphia. The 76ers remain $1.7 million below the luxury tax line this season — despite having two players in Joel Embiid and Paul George making north of $50 million this season — and donâ€t want to mess with future flexibility for a roster where there is great potential but a lot of questions.

That is likely to lead to a one-year deal between Grimes and Philly, something that has seemed likely from earlier reporting and was confirmed by Michael Scotto of Hoopshype. Grimes was seeking a long-term offer starting north of $17 million (approximately $20 million per season or close to it), and the Sixers†first formal offer was significantly below that, at four years, $39 million, Grimes†agent, David Bauman, told Scotto. The Sixers have pushed back on that idea as a formal offer and it was simply part of a negotiation.

However the sides wish to spin it, they are too far apart to find common ground on a long-term deal before the Oct. 1 deadline (when Grimes would have to pick up his qualifying offer). That has the sides moving toward a one-year contract. Scotto added details on that.

At this point, the 76ers have formally offered Grimes a one-year deal thatâ€s slightly higher than his qualifying offer of $8.7 million with the caveat that heâ€d waive his no-trade clause, league sources told HoopsHype. For Grimes to waive his no-trade clause flexibility on any one-year deal, Philadelphiaâ€s offer would preferably be somewhere north of the non-taxpayer mid-level exception ($14 million) and $19 million range, league sources told HoopsHype.

Grimes has made a total of $11.1 million across four NBA seasons, so taking the qualifying offer at $8.7 million more than doubles what he made in any one season of his career. That said, he doesnâ€t want to leave money on the table now, and for Philly, if it offers him something like $15 million for the season, it retains his Bird rights and can pay more next summer to keep him if it wishes. That said, anything north of $9.8 million pushes the Sixers above the first apron of the luxury tax, somewhat limiting their ability to make in-season moves.

Grimes wants to cash in on the red-hot 28 games he had with the 76ers after the trade deadline last season, when he averaged 21.9 points, 5.2 rebounds, and 4.5 assists a game. Philadelphia is deep with guards, including Tyrese Maxey, Jared McCain (who will miss the start of the season with a thumb injury) and just-drafted VJ Edgecombe. Grimes†role this season will be a smaller one than he had at the end of last season, but still a key one as a starter or sixth man, and how much are the 76ers willing to pay for that?

We will find out by Oct. 1.

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