BREAKING: Restricted free agent Quentin Grimes has officially signed a one-year, $8.7 million qualifying offer to return to the Philadelphia 76ers, his agent David Bauman confirmed to ESPN just moments ago. This timely decision comes as the NBA landscape shifts, with Grimes set to reclaim a critical role in the Sixers’ backcourt amidst injury concerns for key players.
Grimes, who posted a career-high average of 14.6 points, 4.3 rebounds, and 3 assists last season, will enter unrestricted free agency next summer. He now holds veto power over any trades during the 2025-26 season, adding leverage to his position. This development is significant as at least 10 teams are projected to have ample salary cap space next year.
Negotiations have been tumultuous leading up to this agreement. Earlier this offseason, Grimes’ camp sought a contract in the $30 million range, which later adjusted to $20 million to $25 million. The Sixers’ initial proposal was made on September 24, nearly three months into free agency, offering a four-year, $39 million contract. However, both sides failed to reach a settlement, with Grimes rejecting various offers including a one-year deal worth $8.8 million.
Amid these negotiations, the Sixers drafted VJ Edgecombe with the No. 3 pick in the NBA draft to enhance their backcourt. As the team navigates uncertainties regarding Joel Embiid and Paul George—two stars plagued by injuries—the financial flexibility to pursue Grimes was severely limited. Grimes averaged an impressive 21.9 points and 4.5 assists in just 28 games with the Sixers after being traded from the Dallas Mavericks in February, including five games scoring over 30 points.
This new contract ensures the Sixers retain Grimes’ Bird rights, giving them an edge in negotiations next summer. With Jared McCain expected to miss four to six weeks due to surgery on his right thumb, Grimes’ return is crucial for the team’s immediate success.
The urgency of this signing cannot be overstated, as Grimes becomes the last of the notable restricted free agents to finalize a deal. In comparison, players like Josh Giddey and Cam Thomas secured contracts earlier in the month. The Sixers’ ability to navigate this challenging free agency period while maintaining a competitive roster will be critical as they prepare for the upcoming season.
Stay tuned for further updates on the Sixers and Grimes as the season approaches.