Wed. afternoon update: Still waiting for Gordon

Wed. afternoon update: Still waiting for Gordon

Posted by mikemcgraw on Wed, 10/01/2008 - 14:08
No news as of 3 p.m. on whether Bulls guard Ben Gordon will sign the one-year qualifying offer or agree to a long-term deal. Gordon was at the Berto Center this morning, but left before practice ended. His parting words were, "Be patient." General manager John Paxson said something has to be settled by tonight. From what I understand, Gordon can only become an unrestricted free agent next summer if he signs the qualifying offer. Sitting out or playing in Europe for a year won't change his restricted status. And here's the rule straight from Larry Coon's well-respected Collective Bargaining Agreement FAQ: "Teams may place a time limit on their qualifying offer, specifying any date between October 1 and March 1 by which it must be accepted. If the deadline passes and the qualifying offer is neither withdrawn nor accepted, then the player continues to be a restricted free agent. The team and player are also still free to negotiate a new contract after the qualifying offer ends -- the deadline only affects the player's ability to accept the qualifying offer." So the Bulls obviously set Oct. 1 as the day they plan to rescind the qualifying offer. Not sure if they'll wait all night, or make it official before the league office closes at 4 p.m. Central time.
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