Spurs guard Tre Jones started his 41st game of the season on Wednesday night in Memphis, meeting the “starter criteria” and increasing the value of his qualifying offer when he reaches free agency, tweets ESPN’s Bobby Marks.
Jones is the second restricted-free-agent-to-be to meet the starter criteria this season, joining Hornets forward P.J. Washington. As we explained on Wednesday after Washington made his 41st start, one of the ways for a player to meet the criteria is to start at least half of his team’s games during the season before he reaches free agency.
As the 41st overall pick in the 2020 draft, Jones would have been eligible this coming offseason for a qualifying offer worth $2,228,276 (125% of his current $1,782,621 salary). However, as a result of meeting the starter criteria, the former Duke standout is now eligible for a QO equivalent to what the 21st overall pick from the 2019 draft would receive if he had signed for 100% of his rookie scale amount. That figure works out to $5,216,324.
Jones is in the midst of a breakout season as San Antonio’s starting point guard, averaging 13.5 points, 6.4 assists, and 3.7 rebounds per night in 29.9 minutes of action. Like Washington, he’s a good candidate for a multiyear contract that will far exceed his qualifying offer amount, so even after increasing by about $3M, that QO could ultimately function as a placeholder.
Still, Jones’ qualifying offer bump could have a bit more of an impact than Washington’s, since his QO will also be his cap hold. As a result, the increase from $2.2M to $5.2M will reduce the Spurs’ projected cap space by approximately $3M.
Of course, there’s still a scenario in which Jones doesn’t even make it to restricted free agency. Because he wasn’t a first-round pick, Jones will remain extension-eligible for the rest of the season, so the Spurs could take him off the 2023 market by locking him up to a new deal before then. The 23-year-old’s maximum in-season extension would be worth about $58M over four years.
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