What's going on with P.J. Washington?

The situation surrounding Hornets forward P.J. Washington has been “amazingly quiet,” Marc Stein states in his latest Substack chat. With nearly a month elapsed since free agency began, Washington remains the most prominent player without a new contract and there’s little indication that the impasse will be resolved soon.

Washington is restricted, so Charlotte can match any offer sheet he might receive, but free agency money dried up weeks ago. No one has the resources to offer him a contract starting at more than the non-taxpayer mid-level exception of about $12.4M without working out a sign-and-trade. Stein speculates that Washington may decide to accept the Hornets’ $8.5M qualifying offer and test the market again next summer when he’s unrestricted.

That same theory is floated by Roderick Boone of The Charlotte Observer, who notes that threatening to take the QO is the only way Washington can gain any leverage in negotiations. Like Stein, Boone reports that everything appears to be “status quo,” but cautions that doesn’t mean progress isn’t being made behind the scenes.

There’s more from Charlotte:

• There’s no clear path to playing time for either James Bouknight or Kai Jones, Boone adds in the same piece. The selection of Brandon Miller with the No. 2 pick in the draft creates another obstacle for Bouknight, who hasn’t made a significant impression during his first two NBA seasons. Another wing player may have to be injured for Bouknight to get a shot at rotation minutes. Jones is third on the depth chart behind Mark Williams, a first-round pick last year, and Nick Richards, who recently signed a three-year, $15M extension. Boone states that coach Steve Clifford doesn’t like using three centers, so there doesn’t seem to be a role for Jones.
• The Hornets may be in the market for a ball-handling guard after Dennis Smith Jr. signed with the Nets, according to Boone. He notes that there’s no one on the roster who would be a natural backup to LaMelo Ball, so that role would likely go to Terry Rozier, which would push his minutes above where the team wants them to be.
• It’s encouraging that Cody Martin hasn’t undergone surgery for the knee issues that limited him to seven games last season, Boone adds. However, he points out that the Hornets won’t know how Martin’s knee will hold up until he resumes playing a regular schedule. The small forward has three seasons left on his four-year, $31M contract.