November 2 Philadelphia Daily News:
“The 76ers have chosen not to extend the fifth year of Thaddeus Young’s rookie contract, allowing Young to become a restricted free agent.
The deadline for an extension passed at 5 p.m. yesterday.
That doesn’t mean the Sixers aren’t interested in retaining Young, the No. 12 overall pick in the NBA’s 2007 draft; they hold a right of first refusal on any offer to the forward from another team in the league.
“We’ve had conversations with Rod [Sixers president Rod Thorn], and that’s where I’ll leave it,” said Jim Tanner, Young’s agent.
Young is listed at slightly more than $2.9 million on the Sixers‘ salary cap. To retain his rights, the Sixers must make a qualifying offer of 125 percent of that salary before July 1, 2011.
Sources have indicated that Tanner, interested in a new contract for his client, has mentioned a deal worth more than $10 million.”
TALKIN BOUT PRACTICE: Sixers blog
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