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

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Cam Thomas is heading back to the Nets on a one-year deal. (Photo by Patrick McDermott/Getty Images)
Patrick McDermott via Getty Images

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 offseason, where he should receive plenty of interest.

Thomas, 23, is coming off a season in which he averaged 24 points and 3.8 assists per game. He was limited by hamstring issues, however, and only played in 25 games. Prior to last season, Thomas has been relatively healthy over his career.

After two modest years to open his career, Thomas took his game to the next level during the 2023-24 NBA season, where he averaged 22.5 points in 66 games.

The Nets made contract offers to Thomas this offseason, which he declined. The team reportedly offered Thomas a two-year, $30 million deal with a team option for the second season. It also reportedly tried a one-year deal worth $9.5 million — including incentives that could reach $11 million — but Thomas would need to waive his no-trade clause to accept that deal, per Charania.

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.

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