clock menu more-arrow no yes mobile

Filed under:

Hornets extend qualifying offers and exercise options

The Hornets did a bit of housekeeping with free agency looming.

Charlotte Hornets v Sacramento Kings Photo by Rocky Widner/NBAE via Getty Images

The Charlotte Hornets extended qualifying offers to Miles Bridges and Cody Martin and exercised Jalen McDaniels’ team option today, according to official releases from the team.

McDaniels’ option is for about $1.93 million this season, after which he’ll become a free agent. He’s become a steady rotational contributor for the Hornets, so there was never any reason for them to let him walk at such a manageable price tag.

The other part of this is that the Hornets have extended qualifying offers to both Miles Bridges and Cody Martin. The move is mostly a formality, but it makes the pair restricted free agents. That means the Hornets can match any offer that they sign in free agency, and they’ll stay with the Hornets. They’ll have two days to do so once the player signs a contract with an opposing team.

The Hornets also still have the ability to negotiate contracts with one or both players independent of restricted free agency, but restricted free agency will set the market for each player should the Hornets decided to let them test the waters.