Rodney Hood ended his restricted free agency by accepting the Cavaliers’ $3.4 million qualifying offer and placing a bet on himself for a big season this year.

He informed the Cavs of his decision today, sources told cleveland.com.

Hood, 25, a gifted, 6-8 forward, will be an unrestricted free agent next summer. He left a multiyear deal from the Cavs worth about $7 million per season on the table by accepting their qualifying offer.

Sources said Hood was seeking a contract for more than $9 million per season from the Cavs. For comparison, the Celtics signed restricted free agent Marcus Smart to a four-year, $52 million deal this summer, and the Bulls matched the four-year $78 million offer sheet Zach LaVine signed with the Kings.

Source: Joe Vardon of Cleveland.com

Free agent wing Quincy Pondexter has reached an agreement on a one-year deal with the San Antonio Spurs, league sources tell ESPN.

Free agent wing Quincy Pondexter has reached an agreement on a one-year deal with the San Antonio Spurs, league sources tell ESPN.

— Chris Haynes (@ChrisBHaynes) August 27, 2018

Source: Chris Haynes on Twitter

Ty Lawson and Tyrone Wallace worked out for the New Orleans Pelicans this week, according to sources.

Ty Lawson and Tyrone Wallace worked out for the New Orleans Pelicans this week, according to sources.

— Alex Kennedy (@AlexKennedyNBA) August 25, 2018

Source: Alex Kennedy on Twitter