Gordon Hayward signed his offer sheet with the Hornets, the team announced early this morning. The Jazz will now have until the end of Sunday (9:59 p.m. MT) to match the offer worth about $63 million over four years.
This means the possibility of a sign-and-trade is dead, as it could have only been completed before an offer sheet was signed.
That, however, was never really an option for the Jazz, who appear set to match. Expect them to use all of their time in doing so, as it will tie up nearly $15 million of Charlotte's cap space during that time.
This is a max deal and it will cost the Jazz more to keep Hayward now than if they had been able to reach an extension last fall.
But for a little perspective on the numbers and the market right now, take at the other big restricted free agent offer sheet from overnight. The Dallas Mavericks have offered Chandler Parsons $45 million over three years, according to reports.
We'll have updates on the Hayward story and any other free agency news throughout the day.
We'll also have coverage from tonight's open practice at EnergySolutions Arena. That starts at 7 p.m. It's free to the public and the first 10,000 fans get free Dante Exum and Rodney Hood T-shirts.
— Aaron Falk
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