Free agency update: Options and qualifying offers

HANG TIME, N.J. — Before free agency officially tipped off at midnight ET on Friday morning, players and teams had to make decisions on contract options, qualifying offers, and contracts that were either partially or non-guaranteed. Here’s the low down on who’s staying and who could be going.

Player options

These players had an option in the final year of their contract. If they exercised it, they were in for one more year. If they declined it, they became free agents Friday morning.

Exercised (under contract for one more year)
Caron Butler (SAC)
Tim Duncan (SAS)
Mo Williams (CLE)

Declined (free agents)
Quincy Acy (SAC)
Arron Afflalo (NYK)
Cole Aldrich (LAC)
James Anderson (SAC)
Darrell Arthur (DEN)
Brandon Bass (LAL)
Bismack Biyombo (TOR)
Seth Curry (SAC) – Restricted
DeMar DeRozan (TOR)
Wayne Ellington (BKN)
Pau Gasol (CHI)
Alonzo Gee (NOP)
Manu Ginobili (SAS)
Dwight Howard (HOU)
LeBron James (CLE)
Wesley Johnson (LAC)
Shane Larkin (BKN)
Jeremy Lin (CHA)
Dirk Nowitzki (DAL)
Chandler Parsons (DAL)
Austin Rivers (LAC)
J.R. Smith (CLE)
Thomas Robinson (BKN)
David West (SAS)
Deron Williams (DAL)
Derrick Williams (NYK)

Team options

Here, the decision lies with the team. If they exercised the team option, they keep the player for another year. If the team declined it, they allowed the player to become a free agent.

Exercised (under contract for one more year)
Jordan McRae (CLE)
Mike Muscala (ATL)
Hollis Thompson (PHI)

Declined (free agents)
Xavier Munford (MEM)
Damjan Rudez (MIN)
Lance Stephenson (MEM)

Note: Munford and Rudez could have been restricted free agents, but their teams didn’t issue them qualifying offers either (see below). They’re unrestricted.

Qualifying offers

Some players were eligible for restricted free agency. This group includes 2012 first round Draft picks who had their third-and fourth-year options picked up and just completed their rookie contract, as well as other players who have played three or fewer seasons in the league.

Restricted free agency allows the team to match any offer the player receives from another team. But in order to have that right, the team must have issued the player a qualifying offer by Thursday night. If a qualifying offer wasn’t issued, that player is an unrestricted free agent instead.

The qualifying offer is binding as a one-year contract. If the player signs it, he’s under contract for next season. He could also sign an offer sheet from another team (which his team would have the ability to match), and he and his team could agree on a new, multi-year contract. The team also has the ability to rescind the qualifying offer going forward.

Issued (restricted free agents)
Harrison Barnes (GSW)
Bradley Beal (WAS)
Tarik Black (LAL)
Markel Brown (BKN)
Jordan Clarkson (LAL)
Allen Crabbe (POR)
Troy Daniels (CHA)
Dewayne Dedmon (ORL)
Matthew Dellavedova (CLE)
Andre Drummond (DET)
Festus Ezeli (GSW)
Evan Fournier (ORL)
Tim Frazier (NOP)
Langston Galloway (NYK)
Maurice Harkless (POR)
Marcelo Huertas (LAL)
Tyler Johnson (MIA)
Meyers Leonard (POR)
Boban Marjanovic (SAS)
Donatas Motiejunas (HOU)
Miles Plumlee (MIL)
Dwight Powell (DAL)
Jared Sullinger (BOS)
Dion Waiters (OKC)
Tyler Zeller (BOS)

Not issued (unrestricted free agents)
Isaiah Canaan (PHI)
Ian Clark (GSW)
Cleanthony Early (NYK)
James Ennis (NOP)
Jorge Gutierrez (CHA)
Terrence Jones (HOU)
Ryan Kelly (LAL)
James Michael McAdoo (GSW)
Eric Moreland (SAC)
Andrew Nicholson (ORL)
Willie Reed (BKN)
Christian Wood (PHI)

Waived

The following players were waived by their team before Friday night so that their contracts didn’t become guaranteed. They will become free agents at 5 p.m. ET on the dates listed if no other team claims them off waivers before then.

Damien Ingles (MIL) – July 1
Jarrett Jack (BKN) – July 2
Johnny O’Bryant (MIL) – July 1
Greg Smith (MIN) – July 2

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