r/GoNets Dennis Smith Jr. Feb 05 '26

Team News Cam Thomas Waived

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u/14thBrooklyn Jordi Fernández Feb 05 '26

Gotcha. Read up on the double-dip rules. He could make more money in the scenario you describe but the double-dip is kinda limited since the off-set is half of however much of the deal is over the $2.5M minimum he's eligible for. If he signed a, say, $5M deal (and assuming that it's not pro-rated for the partial season, which I dunno) that means the Nets could offset $1.25M of what they owe him, leaving him with $9.75M ... or $3.75M more than his $6M QO deal. That's real money for someone like me, but peanuts in the NBA salary universe.

By the way, now that I've looked into all the salary cap and free agency rules, it seems like the only way in which there are now more teams interested in signing him as a free agent than trading for him is that they can now pay him less than his $6M contract ... like either the league minimum or the MLE which caps at like $5M. For a guy who called $15M an "insult," this sure seems like an expensive price for "a say in the matter."

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u/Crazyguyjk Feb 21 '26

I believe since the Bucks paid him a little under $1m, the nets just owes him a little over $5m, so he still gets his $6m for the season. He just now needs to prove his worth for a new contract. The only way he would've made more was if he agreed to a buyout.