Providing an update on Cam Thomas‘ restricted free agency on Thursday, Jake Fischer of Bleacher Report (YouTube link) said he expects Thomas to ultimately return to the Nets, since it doesn’t seem as if there are other “real” suitors pursuing the high-scoring guard.
Fischer also identified Thomas as the most likely of the top remaining RFAs to accept his qualifying offer, noting that the gap between the sort of contract he’s seeking and what Brooklyn has offered is pretty significant.
“I have not heard that Brooklyn has offered Cam Thomas anything further than a two-year deal with a team option on the second (year) that I don’t believe is going much north – if north at all – of the $14.1 million mid-level exception,” Fischer said. “… Cam Thomas thinks of himself as one of the most elite play-maker scorers in the NBA, and he wants to be compensated as such.
“… I definitely believes he wants north of $20 (million per year),” Fischer added.
Thomas has increased his scoring average in each of his four NBA seasons and put up career highs of 24.0 points and 3.8 assists per game in 2024/25. However, he was limited to just 25 games last season due to hamstring issues and has been up and down from an efficiency standpoint, with career averages of 43.9% from the floor and 34.9% on three-pointers. He’s also not considered an above-average defender.
Brooklyn previously reached two-year agreements with Day’Ron Sharpe and Ziaire Williams that both include second-year team options, so the fact that the front office offered Thomas a deal with a similar structure makes sense. Despite taking on multiyear deals for Michael Porter Jr. and Terance Mann in trades this offseason, the Nets remain in position to carry over a significant chunk of cap room to the 2026 offseason.
The Nets may yet be willing to increase their offer for Thomas, but if the overall structure of their proposal doesn’t change and they continue to offer just one fully guaranteed year, he would have to decide whether accepting a qualifying offer worth roughly $6MM and sacrificing $8MM+ in 2025/26 earnings would be worthwhile in order to ensure he reaches unrestricted free agency next summer.
Accepting the qualifying offer would also give the 23-year-old the ability to veto trades during the ’25/26 season.
Thomas is one of four restricted free agents who received a standard (ie. not a two-way) qualifying offer in June and remains unsigned. The other three are Josh Giddey of the Bulls, Jonathan Kuminga of the Warriors, and Quentin Grimes of the Sixers.