The deadline for Tristan Thompson to sign a qualifying offer with the Cleveland Cavaliers has passed.

Thompson could have signed a one-year, $6.8 million qualifying offer, but negotiations will now continue with only two possible outcomes.

Thompson can no longer unilaterally accept the qualifying offer at that rate unless the Cavs choose to make it available again.

Agent Rich Paul recently vacated a five-year, $94 million max contract demand for his client in favor of a preferred three-year, $53 million deal, per league sources. The Cavs have already tendered a five-year, $80 million offer to Thompson.