After a breakdown in contract negotiations, the Charlotte Bobcats are exploring sign-and-trade possibilities for restricted free agent Gerald Henderson, according to Yahoo! Sports Adrian Wojnarowski.
The Bobcats extended a $4.5 million qualifying offer to Henderson before the start of free agency. He has a $7.7 million cap hold. The Bobcats have the right to match any offer sheet he signs, but interest looks to be low.
After reaching an impasse with RFA Gerald Henderson, Charlotte’s exploring sign-and-trade possibilities with multiple teams, sources tell Y!
— Adrian Wojnarowski (@WojYahooNBA) July 11, 2013
The news doesn’t necessarily mean that Henderson won’t re-sign with the team. The Bobcats could likely just be doing their dilligence assuming they won’t meet Henderson’s demands. If an opportunity to acquire a similar asset presents itself, they would be smart to consider. Henderson could also sign his qualifying offer for next season and become an unrestricted free agent in 2014.
With the changes made to the Bobcats frontcourt, a sign-and-trade would logically result in a different guard coming to Charlotte. Monta Ellis is arguably the top guard available and the Bobcats are one of the teams with interest. Ellis isn’t believed to be returning to the Milwaukee Bucks and a sign-and-trade has long been speculated for his departure.