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NBA Free Agency: Wizards extend qualifying offers to Otto Porter, Bojan Bogdanovic

The Wizards have extended qualifying offers to both Otto Porter and Bojan Bogdanovic ahead of free agency, according to Candace Buckner of the Washington Post.

The qualifying offers ($7.7 million for Porter and $4.6 million for Bogdanovic according to Basketball Insiders) make both players restricted free agents this summer.

When a restricted free agent wants to sign with another team, the player and team sign an offer sheet, the principal terms of which the original team is given three days to match. The offer sheet must be for at least two seasons (not including option years).