Guard Cam Thomas re-signed with the Brooklyn Nets on Thursday.
Terms were not disclosed by the team, however miultiple media outlets reported it was a one-year, $6 million qualifying offer.
As a restricted free agent, Thomas' agreement to the one-year deal will make him an unrestricted free agent next summer and free to sign with any team without Brooklyn having the right to match offers. Thomas, 23, also cannot be traded this coming season without his consent.
Thomas wasn't able to reach a long-term contract deal with Brooklyn this offseason.
ESPN reported that his representatives, Ron Shade and Alex Saratsis of Octagon, declined the Nets' offers of two years and $30 million with a team option for a second season, or one year and $9.5 million with incentives up to $11 million while wa