THE STORY
In July 2004, forward Carlos Boozer, a restricted free agent, left the Cleveland Cavaliers after they declined to exercise his third-year contract option, making him a free agent. Boozer signed a six-year, $68 million offer sheet with the Utah Jazz, which the Cavaliers chose not to match, resulting in Boozer's departure from the team.
TEAMS / PEOPLE:
NBA teams and players
WHY IT MATTERS
This event is notable for the controversy surrounding Boozer's departure, as the Cavaliers had expected him to re-sign, leading to a significant roster change and impacting the team's performance in subsequent seasons.