Cleveland Cavaliers shooting guard Rodney Hood has a qualifying offer of $3.4 million for the 2018-19 season and the Cavs must offer him that dollar amount on June 29 to make him a restricted free agent.
As a restricted free agent, the Cavs can match — if they choose — any offer sheet Hood signs with another team. If Cleveland doesn’t issue Hood the qualifying offer, however, he’ll become an unrestricted free agent instead.
According to a report from Yahoo Sports, the Cavs, Chicago Bulls, Indiana Pacers and New Orleans Pelicans are the contenders to sign Hood this offseason.
Hood was acquired by the Cavs at the February trade deadline from the Utah Jazz. He averaged 10.8 points in 21 games with Cleveland during the regular season, shooting 44.2 percent from the field and 35.2 percent from three.
The playoffs, however, were a different story.
Hood fell out of coach Tyronn Lue's rotation and registered five DNP’s. The 25-year-old finally got a chance in Game 3 of the NBA Finals against the Golden State Warriors and showed what he’s capable of, scoring 15 points on 7-of-11 shooting.
When he’s playing with confidence, Hood is a knockdown perimeter shooter and can also put the ball on the floor and create a shot for himself. He clearly lost some of his confidence during the playoffs, but the hope is that his Game 3 outing and a strong offseason will propel him to having a solid 2018-19 campaign.
Most league insiders think Hood cost himself a lot of money with his postseason struggles. The Cavs are said to like Hood and his future on the team, but no one’s tipped a hand as to what’s next for him.