Detroit Pistons restricted free agent Greg Monroe has signed his one-year qualifying offer with the team.
The offer is worth $5.48 million. Monroe will become an unrestricted free agent next summer unless he agrees to a contract extension with the Pistons.
It was reported last month that Monroe was planning on signing the qualifying offer after he and the Pistons reached a standstill with their long-term contract discussions. Detroit reportedly offered the power forward a five-year, $60 million deal.
Detroit extended the qualifying offer to Monroe in June, making him a restricted free agent. As a restricted free agent, Monroe had the option to sign offer sheets with other teams. Detroit would've had the option to match any team's offer sheet.
New Pistons president/head coach Stan Van Gundy said this summer that he wanted to keep Monroe with the team.
Monroe, 24, averaged 15.2 points and 9.3 rebounds for Detroit last season. In four NBA seasons, Monroe has averaged 14 points and nine rebounds a game. His four-year, $13 million rookie contract expired after last season.
- Ben Estes