The Cleveland Cavaliers have re-signed guard Rodney Hood, Cavaliers General Manager Koby Altman announced today, September 10 from Cleveland Clinic Courts. The Cavaliers extended a qualifying offer to Hood on June 29, 2018.
The deal is worth $3.4 million over one year, Shams Charania of The Athletic reported Sunday.
Restricted free agent Rodney Hood is signing a one-year, $3.4M qualifying offer to re-sign with the Cleveland Cavaliers, per league sources.
— Shams Charania (@ShamsCharania) September 9, 2018
According to ESPN’s Adrian Wojnarowski, Hood was looking for a little more money than he got:
Cavaliers and Hood explored several sign-and-trade options but Hood’s hopes of an offer sheet or Cavs deal in the $10M-$12M annual range never materialized. https://t.co/Xu9rR3ZKih
— Adrian Wojnarowski (@wojespn) September 9, 2018
Hood, 25, has averaged 13 points, 3.0 rebounds and 2.0 assists per game since he was drafted 23rd overall by the Utah Jazz in 2014.
Hood probably seriously damaged his value during last year’s postseason, when he averaged just 5.4 points per game while shooting 16.7 percent from 3-point range for the Cavs, and spoke out about his struggles being caused by the spotlight.
Despite the freshness of his most recent struggles on the minds of everybody, Hood is still a valuable player. He’s still young, he’s long for a two-guard – standing at 6 feet 8 inches with a similar wingspan – and has a clean stroke from deep (36.9 percent for his career).
Prior to Utah trading him to Cleveland, Hood was having the best season of his career for the Jazz. In his 39 games prior to the deal, he averaged 16.8 points and 2.8 rebounds per game while shooting 38.9 percent from 3-point range.