BREAKING: Quentin Grimes signs Qualifying Offer with Sixers

BREAKING: Quentin Grimes signs Qualifying Offer with Sixers

All right, everyone. Time out. Breaking news. There we go. That’s the qualifying offer. Signing the one-year, $8.7 million qualifying offer to return to the Philadelphia 76ers. He will now hold an inherit no trade clause and enter more flush market as Sham says uh in unrestrict. Thank you to Quinton Grimes for doing the thing I already pre-wrote a story on so I can publish it immediately. Yes. Good timing by you, man. Yeah. I listen. Hey, I here’s what I will say. The short version of the article is exactly what we did on the show yesterday, right? I think it’s a shame that when one camp has 25 million and the other has 10, the obvious thing is just to say, why don’t we talk about 15, I think it makes sense or would have made sense for all sides. and instead you end up in I don’t think it’s the worst case scenario, but I think it’s a bad scenario if you were laying out all the options going into the office. I think it’s the worst case scenario paying him $25 million for four years. Well, yeah, but okay, but that wasn’t going to happen, I don’t think. Well, but that’s what I’m saying. That that’s the worst case scenario of the realistic ones. I think this is worst case scenario. It’s not good. It’s absolutely bad. All right, the wait is over everybody. Back on the qualifying offer with the Sixers and here we are. You two got to talk because I got to publish this. Yeah, here we are. So, look everybody, we want to let let you all know that first of all, we’re going to overtime. We thank everybody on the television side. If you want to continue with the conversation here, head to allphy.com. Quinton Grimes agrees to the qualifying offer with the Sixers, $8.7 million. We’re going to keep that going at all phy.com right now on the on the on that side. So TV, if you want to stay with us to share your thoughts of what just went down with Quinton Grimes staying with the Sixers on a one-year $8.7 million deal, not getting a balloon payment, not getting a deal like Jonathan Kaminga, which we just talked about, or any long-term extension, we are talking about it at all phy.com. We’ll be back tomorrow after the game at 3 pm to discuss preseason game number one for the Sixers and anything we have updated on Quenton Grimes. So Derek, can you walk people through all the machinations in terms of how it hurts his trade value and kind of the market that unfolds from here with regards to Quinton Grimes? So, I mean, you know, the no trade clause that comes with any it comes with any uh one-year deal. You get an automatic no trade clause. You can then negotiate that out of the contract. So, you can ask them to basically wave the contract at the time of signing it. That’s what um what was it Cam Thomas they were trying to do with Cam Thomas where they would give him an extra two or$3 million, but you and that condition to that is you have to wave that no trade clause. So, waving the no trade clause or not not having that no trade clause waved up front is a big deal. But even if he were to wave that later on in the season, because his salary is so low at $8.7 million, again, anytime you have a a veteran on a one-year contract who then waves that no trade clause and is traded, they lose bird rights. So then a team that wants to bring him back would only have non-bird rights, which you can only offer a starting salary of 20% higher than his current one. So he’ have a starting salary next year of like maybe $10.5 million for a max. That is not what he is looking for. So, no team is going to try to trade for him as anything more than a rental. And that severely, severely, severely kills your trade value. And again, the Sixers right now in terms of matching salary, unless you want to get into like the Jared McCain of it all. And I don’t think anybody listening this really wants Jared McCain traded, you really only have now Andre Drummond and Kelly Ubé about $12 million in total salary that you can use to match in a trade. Again, because of all of the CBA rules, which we won’t get into now, you have to be able to match salary. And oftentimes, if you’re over an apron, have to be able to send out more salary than you take back. Having these midsize contracts really gives you flexibility. And to steal a hanky phrase, optionality. So now they’re sitting here with, you know, I’m sick of optionality, man. I’m playing to our audience. That’s one of those that’s put that in the rant jar is optionality. for a team that has some pretty good future first round picks at their disposal, they have very little to actually execute a trade with. So, you lose not only, you know, Quinton becoming an unrestricted free agent next summer and probably, quite frankly, unless you overpay him, he’s not going to want to come back, you also really lose the ability to trade him this year. So, all you get is a player for a season that we don’t really know how it’s going to shake out. And again, I think being able to trade Quinton at a positive trade value was almost more important in a world where Joel Embiid isn’t on the court frequently because you need a way to recoup assets to try to build your core around Maxi and McCain and Edgecomb. And this could have been a huge one. This is a I think this is an absolute outside of like a $25 million deal. I think this is pretty close to a disaster. And as I said yesterday, you know, it’s one thing to look at it and be like, okay, why not a balloon payment? Why not a a $14 million one-year payment? There’s only one downside to that. There’s only one loses helicopter fuel money. So, no matter what they say here, the fact that they were unwilling to do that, and quite frankly, I think we’re speculating here. I think Quinton would agree to wave that no trade clause if you gave him an extra $5 million. If they’re unwilling to do that, they’re telling you in bright blinking lights, we don’t want to pay the luxury tax. So now you’re going to be about $7 million over the luxury tax, season goes sideways, look for Kelly Ubé to be dumped. I I want to reiterate what I laid out on yesterday’s show where we talked almost exclusively about Quinton Grimes. I think this is a failure for everyone, right? Derek has laid out just now and in general the luxury tax ducking possibilities that this is setting up, the animosity that he has for that whole justification for this. And we’ve all said the Sixers should have moved off of 4 for 39 is a ridiculous offer, right? It’s just it is not. It was a fine. We start here. You ask for 25, we offer 10 a year and at some point in the summer you reach a middle ground. To never, as far as we know, as far as we can tell, move from that position. That’s bad. That’s there. It’s inexcusable. And it’s just as inexcusable for Quinton Grimes to sit there the whole summer and be like, I want 25. Okay. Would you take this and then just keep saying, I want 25 and not move and not show any sort of flexibility on the long-term stuff, right? And I think for him, this sets up a ton of risk. I’ve brought up the Nerland Noel thing in the past, right? where he had $70 million on the table. He didn’t end up making even half of that the rest of his career after playing on the qualifying offer. There are success stories, right? Like Ben Gordon is a guy brought up in the story I wrote for all phy.com where he played on the qualifying offer and then made I believe it was like 55 or 60 million signing with the Detroit Pistons after a big year with the Bulls. So there are success stories, but if you just look at the landscape, I I just don’t know how you get to anywhere approaching that number with VJ Edgecom, with Jar McCain, with Tyrese Maxi here, and with the message that the Sixers are sending by making these these offers in the first place that if you’re not enough of a priority to give you a lot of money, why do you think you’re going to be a priority to get a lot of minutes, to get a lot of opportunities, to get that money in the future? So, I think both sides have pretty wildly misplayed their hands. Quinton in the sense that I don’t think that money is out there in the future. But the Sixers in a more important sense, I think, because he’s a good player. You need good players on the team. You need guys who I said yesterday, set the standard that Tyrese Maxi is talking about. When Joel Embiid is hurt or Joel Embiid is just out, Paul George is having a rest day. Paul George is missing two weeks, three weeks, a month with a knee injury, whatever it might be. You need people who are available, talented, and productive. And whatever you think about Quinton Grimes and his, you know, estimation of himself and his worth, he is a good basketball player. He had a full wire-to-wire good season last year and has multiple seasons of productive role player play in different team contexts. I do not understand the line that they drew in the sand unless this guy was just completely unreasonable and saying I will not take a scent less than whatever 22 23 24 $25 million a year. That’s the only scenario where they come out of this looking defensible and I can imagine that’s it. We’ll see when the dust settles. So from the story since we Sham’s breaking this news and we said it’s from his agent David Bowman uh to ESPN on Wednesday as we’ve talked about Grimes’s side indicated they desired a contract in the $30 million range early on they then shifted from 20 to$2 million based on the story which we’ve talked about in the past never came to anything there Bowman though also says in Sham’s story that the six’s first formal offer was on September 24th which We push back on that one. The formal offer thing is four for 39. Days later, Grimes was offered a one-year deal, according to them in this story, 8.8 million instead of the 8.7 million that gave him $100,000 more than his qualifying offer in order to wave the no trade clause. Those frameworks were declined. That might be the most infuriating detail in this entire story cuz that is a slap in the like that is the line where you you are almost literally slapping him in the face. You want him to take the qualifying offer. That you’re telling him take the qualifying offer. We don’t care about you. Also on Wednesday, Bowman says they offered the Sixers a one-year framework with the balloon payment of $17 million while waving the no trade clause and a two-year deal at 34 million with a player option. Both were rejected, uh, Bowman said, by the Philadelphia 76ers this So again, 17, to circle back to what Derek said earlier, 17, the only reason that you would not greenlight that, the only thing that impacts is luxury tax, right? That takes you over the first apron, Derek. But you are still you’re like four or five million short of the second apron. They’re currently 21 under the second apron. So a $17 million balloon payment you are 45 million4 million let’s say just napkin math under the second apron which is the real like you run into real problems with the second apron. Yep. So get back to the um it it looks really bad for on the Sixers end. Yeah. So it looks really bad. That’s why I was saying go back to the $100,000 to push it to the 100. So again, have to verify this and this will be a lot of he said he said of course the agent is going to as I said I’m reading from the story and the agent is speaking through Sean is speaking through the but if that is true that is one of the most ridiculous things I could imagine them doing right to not even be like we’ll give you 10 million we’ll give you n million like $100,000 like look if you came came to me today, Dean, like I could get you another $100,000. I’d be a very happy man, but my base salary, breaking news, is not 8.7 million, right? And I’m also not asking for $25 million or $20 million, whatever it is. That’s ridiculous. There is no justification of that. No. And I don’t really honestly, there’s nothing I even really other than that. There’s no way to justify that. the 4 for39 when we talked about that and said no way you offer him that after you just turned down what he turned down in Dallas at 4 for 33 or whatever it might have been and now 4 for 39 when he played like that and seeing what he did for the basketball team when you needed him most and what that could project out to be where he’s still 24 25 years of age and how he would fit within that backcourt rotation. No way that you offer that and if that was real that’s a slap in the face too. But now you add this to it with $100,000 adding just to push you to 8.8. Man, it sounds much better than the 8.7 and then the two for what did I say? Two for 34 also thrown thrown at them. While he had five 30point games, he had two 40point games for them last year. Jeremy Kane is hurt right now and what he could provide for you right now. You could just see what they could do as a fourman rotation in that back court. That’s That is a bit of a Look, here’s the thing. Take this take this leave. If that was your offer for a balloon payment, Yeah. you would have been better off just shutting the [ __ ] up, right? And not offering anything, saying, “We’re not doing a balloon payment.” Yeah. That’s so ridiculous. It’s like almost hard to believe that they would do that. Yeah. It’s almost like it’s like the equivalent of like I’ll give you 8.7 million and1 who would do who does that? It’s wild. According according to Come on, man. You would not do that just cuz you don’t want it to be leaked. Like you know that’s going to you know it looks ridiculous on paper. Yeah. And that’s where so it also set aside how the optics of it. Now you run into the situation you don’t really want to run into when the guy’s on the qualifying offer, the spite factor and the malcontent factor, right? This is no longer just like ah we couldn’t come to terms on an agreement. We were far apart, but ultimately like hey we we value this and they’re going to say all this, right? Yeah. all the spin that will come out as we really value Quinton as a member of the organization and blah blah blah blah blah. You can’t play like that playbook doesn’t work. When they when they said, “Hey, let’s work out a balloon payment that works out for both sides.” You said 100k, best I can do. You look like the guy on Pawn Stars. You’re like they someone brings in a family heirloom and you’re like best I can do is 350. Like best I can do is 100K. I It’s just an insane thing to propose. It is. It is. I hope it’s not true. I again, we’re just sitting here live reacting to the one formal report that has come in other like I can confirm that he signed the qualifying offer, but all the rest of this stuff we have one and that’s it. That’s it. Come on. So, for the people who just got in here and you’re saying, “What’s going on?” $ 8.7 million qualifying offer Quinton Grimes had on the table all summer. He finally accepted it here at just around 4:00, just before 4:00 here as we’ve been discussing the Sixers on the PHLY Sixers podcast. Laid out some numbers there in the story according to his agent of what was thrown from the Sixers and what they offered. And uh that’s where we are right now. He is in. He’s not playing in Abu Dhabi. He’s in. He’ll be He’ll be here when they get back from Abu Dhabi after the two games. I’m so incredulous because like just imagine being in a negotiate. Let’s just take all the names out of it. Take the Sixers. Take Quinton Grimes, David Bowman. Take all these people out of it. Imagine you’re in a negotiation that you’re in theory like 15 16 million dollars apart. And three months into the negotiations, you place a phone call to the other side and you’re like, “We got another 100K for you.” It’s like, “How the [ __ ] would they ever respect you again?” It’s a good thing. Never. Never. It’s a good thing this happened after an overtime. Like, what? Yeah. Yeah. Yeah. Number one, because we don’t have to do a 11:30 tonight emergency pod, but number two is because Yeah. Derek would have been the sleeping, by the way, in case that wasn’t clear. Can just sound off. So, that’s what it is. I just I feel like an idiot cuz I spent all summer like breaking down the [ __ ] second apron. They’re not getting anywhere near the second apron. They’re not even going to pay the tax. Like, why did I waste my time? So, we’ll see how it all plays out. Kyle won, everybody. Kyle won on the media day predictions of who gets closer to the actual decision and the contract being resolved. Kyle wins. Derek and I lose. Do you ever seen the meme? It’s of Wario staring off into the sunset and it says, “I’ve won, but at what cost?” That’s That’s me, right? And at what cost did Grimes or the Sixers win or lose in this situation? We’ll find out as it all plays out. Oh my god.

BREAKING: Quentin Grimes signs Qualifying Offer with Sixers

The Quentin Grimes contract dispute has finally come to an end–Grimes signs the 1-year $8.7M qualifying offer to stay with the Philadelphia 76ers.

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