Nets, Cam Thomas Not Likely To Reach Contract Resolution Soon

The Brooklyn Nets and restricted free agent guard Cam Thomas remain at a standstill in contract talks, and there’s no indication a resolution is coming soon, according to Brian Lewis of the New York Post.

Citing three sources, Lewis reported that both sides appear content to wait, with the Nets still weighing how to use their remaining cap space.

Brooklyn is currently the only team in the league with meaningful room under the salary cap, and that flexibility appears to be a factor in the delay. While the Nets remain open to re-signing Thomas, they are in no apparent hurry. Thomas’ camp, likewise, is not pushing to expedite negotiations.

A larger issue may be the wide gap in how the two sides view Thomas’ market value. According to Lewis, a source close to the 23-year-old guard said Thomas is eyeing a deal in the neighborhood of $30 million annually. That valuation stems from his belief that he’s on par with the likes of Immanuel Quickley, Tyler Herro, and RJ Barrett — each of whom is earning between $28 million and $32.5 million per year on their respective extensions.

Brooklyn, however, appears reluctant to offer anything close to that figure. With no other teams positioned to extend a significant offer sheet, the Nets are under no external pressure.

Two league sources told Lewis it’s possible Thomas could end up accepting his $6 million qualifying offer, setting up unrestricted free agency in 2026. That scenario, however, would likely be viewed as a fallback option.

Thomas was limited to 25 games last season, averaging 24.0 points and 3.8 assists. He has shown consistent scoring ability, but the Nets are still working to determine how — and at what price — he fits into their long-term plans.

He carries career averages of 15.1 points, 2.6 rebounds and 2.1 assists with the Nets. He was the 27th overall pick in the 2021 NBA Draft.

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