The Philadelphia 76ers re-signed guard Quentin Grimes, a restricted free agent, on Wednesday to a reported one-year, $8.7 million qualifying offer, his agent David Bauman told ESPN.

The 76ers did not disclose contract terms in announcing the signing on Wednesday evening.

After the two sides were far apart in negotiations for a multiyear contract, per recent ESPN reports, Grimes is back but now has veto power over all trades this coming season and can become an unrestricted free agent next summer when the market for free agents is expected to be more lucrative, per ESPN.

The NBA deadline for qualifying offers is 11:59 p.m. ET on Wednesday.

Grimes, 25, was traded to Philadelphia from the Dallas Mavericks in February, leading a banged-up 76ers squad with 23.0 points per game after the All

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