Sacramento Kings Pull $56 Million Offer for Andre Iguodala

According to multiple published reports, the Sacramento Kings withdrew their four-year, $56 million offer to free agent forward Andre Iguodala. Iggy, as one might imagine, was not pleased (and tweeted that this will serve as motivation going forward.) Per USA Today: “With the team now under new ownership and being run by new general manager and former Denver Nuggets executive Pete D’Alessandro, Iguodala – who was traded to the Nuggets last season after spending his first eight seasons in Philadelphia – became their top target after the New Orleans Pelicans came hard for Kings restricted free agent Tyreke Evans. But the Kings wanted an answer from Iguodala, who was still considering returning to Denver while also being pursued by the likes of Detroit and others. When Iguodala wasn’t prepared to give the answer quick enough for the Kings’ liking, they made the calculated decision to go a different direction. What direction that is however, wasn’t immediately clear. With Evans likely to sign the Pelicans’ four-year, $44 million offer sheet, the Kings had deliberated on whether they would match but opted to pursue Iguodala even more intently instead. It remains possible that they could reverse course and make Evans the priority yet again, but their next step has yet to be decided. The Nuggets have serious interest in retaining Iguodala, but were unlikely to continue in a bidding war if his salary was anywhere near the $14 million annual rate that the Kings were nearing.”