Rodney Hood has signed a free agent contract with the Portland Trail Blazers, keeping him with the team for another season, maybe two. Hood recently chose to do without the remaining year on his previous contract with the Blazers worth $ 6 million. According to ESPN’s Adrian Wojnarowski, his new contract is for two years and $ 21 million, with the second year not guaranteed.
Free agent F Rodney Hood returns to the Portland Trail Blazers on a two-year $ 21 million. Agreement, sources tell ESPN.
– Adrian Wojnarowski (@wojespn) November 21, 2020
The move gives Hood more money, but if Wojnarowski uses “non-guaranteed” in his technical sense – meaning the Blazers can buy the second year of the contract for a small amount – it also protects Portland if Hood’s rehabilitation from an Achilles injury leaves him not able to perform at his previous level.
The Blazers will definitely use an “Early Bird” cap exception to sign Hood so they can exceed the cap for doing so. They will still be able to use their mid-level and semi-annual exemptions except Hood. The reported level of compensation would mean that Hood maximized the Early Bird potential.
Hood averaged 11.0 points per game. Match with Portland in 2019-20 and shot 49.3% from the three-point arc. He played in only 21 games before falling to the above injury, which kept him out for the rest of the season.