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The Philadelphia 76ers are one of the teams with significant cap space that also expressed an interest in Cole earlier this summer. But knowing the Pelicans could match any offer Cole receives as a restricted free agent, the 76ers signed point guard Kendall Marshall to a four-year deal, which included $2.1 million guaranteed this upcoming season.
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The Lakers also expressed interest in Cole earlier this summer, but they signed Brazilian point guard Marcello Huertas to a one-year, non-guaranteed contract six days ago.It's likely the Pelicans' qualifying offer will be the most money Cole will be offered on the open market for this upcoming season. Another possibility is a sign-and-trade, but that appears unlikely at this point.
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Cole could sign the Pelicans' qualifying offer and become an unrestricted free agent next summer when the salary cap is expected to increase significantly when the NBA's new nine-year, $24 billion TV deal begins.But Cole's agent, Rich Paul, who also represents LeBron James, is known for his tough negotiating tactics.
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Paul has not made a strong public statement regarding Cole's negotiations like he's done for Cavaliers unsigned restricted free agent forward Tristian Thompson, whom he represents.Paul told Cleveland.com last month that if Thompson plays this upcoming season on the Cavaliers' $6.9 million qualifying offer, it would be his last in Cleveland.