Nick Young to Re-Sign With Washington Wizards

by December 19, 2011

As a restricted free agent, Nick Young didn’t get the big contract offer from any NBA teams as he had hoped, so he’ll have to settle for signing a 1-year, $3.7 million qualifying offer to remain in Washington. Reports the WaPo: “Young is coming off a career year with the Wizards, finishing as the team’s leading scorer at 17.4 point per game. But he found a rushed free agent market that was unfavorable to players at his position — and restricted free agents in general. Most teams around the league anticipated that the Wizards would match any offer for Young and few had the resources or willingness to give him a lucrative offer sheet. The Wizards had hoped to sign Young to a long-term deal but were in different neighborhoods during negotiations. Three high-ranking NBA executives said Young was seeking a contract starting around $9 million per season, while the Wizards were willing to give him something closer to the mid-level exception of $5 million, according to people with knowledge of the negotiations.”