Tristan Thompson and the Cleveland Cavaliers have been unable to agree upon a contract ahead of their media day.

The Cavs did not accept Thompson's most recent offer of a three-year maximum contract that his side put on the table last week.

Thompson has until Thursday to accept the Cavs' one-year qualifying offer of $6.9 million that would enable him to become an unrestricted free agent next summer.

By Thursday, Thompson must either agree to a new long-term contract, sign the qualifying offer or mutually agree with the Cavs to extend the qualifying offer deadline further and a holdout situation becomes legitimate.

The Cavaliers have made several offers over the summer, including one for as high as $16 million per season.