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Bobcats, Thomas agree to 5-year deal

Updated: July 9, 2010, 9:18 PM ET
ESPN.com news services

CHARLOTTE, N.C. -- The Charlotte Bobcats made a long-term commitment to forward Tyrus Thomas on Friday, coming to terms on a five-year, $40 million contract with the restricted free agent.

The deal was struck shortly after the New Jersey Nets presented a front-loaded offer sheet that would have been difficult for Charlotte to match because it's close to hitting the luxury tax, a payroll figure owner Michael Jordan said the team would not exceed.

Agent Brian Elfus said two other ...

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