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Wow so the player has a right to refuse an offer that is above the qualifying offer? I'm learning a lot today, ty for your input.
Right. The QO is the offering of a one year deal at a specified salary. That gives the offering team the right to match any other (usually multi-year) contract offer sheets from other teams that the player signs. And the team with the right to match has three days to decide whether to match, or not.
But obviously, a player doesn't have to sign any of those deals offered by other teams. Otherwise players could get completely screwed by ridiculously low lowball offers they'd be forced to accept.
The reality with Thompson is that other teams know we'll match, which pretty much makes it pointless for them to tie up lots of money for three days while he sits on their offer. That may well mean he doesn't get any decent offers.