[Fedor] Sources say that PJ Washington is hoping for a contract around $20 million annually. Cleveland has expressed interest in acquiring PJ Washington via sign-and-trade.

Source: https://www.cleveland.com/cavs/2023/08/do-cavs-need-another-point-guard-given-the-uncertain-ricky-rubio-situation-hey-chris.html

Let’s start here: Sources say the 24-year-old Washington, who is a restricted free agent, is hoping for a contract around $20 million annually. The Hornets have reportedly been unwilling to give Washington the long-term contract he is seeking, and the two sides are currently in a contract stalemate. If a financial deal can’t be reached, with Charlotte unwilling to budge on its stance or Washington agreeing to a shorter deal for less money, the Hornets’ options aren’t very appealing.

Washington could sign the qualifying offer, play out the year and then Charlotte risks losing him as an unrestricted free agent next summer -- the path Washington’s teammate Miles Bridges is taking. The Hornets could also work out a sign-and-trade.

Sources say even though Cleveland has expressed interest in acquiring Washington, and there’s a belief it is lurking, there haven’t been any extensive, detailed or meaningful trade discussions with Charlotte at this point.