Cam Thomas reportedly signs qualifying offer to return to Nets after both sides couldn’t reach long-term deal

Cam Thomas is returning to the Brooklyn Nets for the 2025-26 NBA season, but on a smaller deal than he probably expected. Thomas reportedly inked a one-year, $6 million qualifying offer to remain with the team after he couldn’t work out a long-term deal with the franchise, according to ESPN’s Shams Charania.

The move gives Thomas — who was a restricted free agent — a full no-trade clause. It also sets him up to hit the market as an unrestricted free agent next season, where he should receive plenty of interest.

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Thomas, 23, is coming off a season in which he averaged 24 points and 3.8 assists per game.

He’s among the first of the restricted free agents to make a decision this offseason. Josh Giddey of the Chicago Bulls, Jonathan Kuminga of the Golden State Warriors and Quentin Grimes of the Philadelphia 76ers all remain unsigned as they weigh their options.

This story will be updated.