Nets, Cam Thomas Fail to Reach Extension: What Does This Mean for the Future?

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Oct 14, 2024; Brooklyn, New York, USA; Brooklyn Nets small guard Cam Thomas (24) dribbles the ball up the court against the Washington Wizards during the first half at Barclays Center. Mandatory Credit: Gregory Fisher-Imagn Images | Gregory Fisher-Imagn Images

The Brooklyn Nets and star guard Cam Thomas failed to reach an extension yesterday, meaning the 23-year-old is set to become a restricted free agent in 2025. The deadline for players on rookie deals to receive extension was Oct. 21, and while many got those lucrative deals, Thomas was not one of them.

There were no reports of anything nearing a deal as the deadline approached, and Thomas, along with teammates Day’Ron Sharpe and Ziaire Williams, did not receive extensions either. Thomas’s future with the franchise just got a little more unclear, so what does this mean?

Don’t Panic, But Thomas Is a Restricted Free Agent in 2025

While Thomas is set to hit free agency in 2025, he will be restricted, which means Brooklyn can match any offer another team gives him.

Thomas will likely remain a Net after he hits free agency, especially because the organization has the cap space to keep him around. Aside from Ben Simmons, the Nets aren’t paying anyone over $29 million this season . Veterans like Dennis Schroder, Cameron Johnson, and Dorian Finney-Smith are making over $13 million each this season. Still, all signs point to them being traded at some point before the deadline this season…

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