Jerami Grant appears to be drawing significant interest in free agency.

According to Yahoo Sports reporter Jordan Schultz, the Bulls, Pacers and Magic are all in contention for Grant. In addition, the Thunder are also in the mix, as well.

For Grant, he has certainly put himself into a good position this summer in free agency.

He is coming off of arguably his best season in the league after averaging 8.4 points, 3.9 rebounds and one block in 81 games last season. He performed quite well for the team off of the bench and an argument can even be made that he should have started over Carmelo Anthony.

While he performed well for the Thunder, it remains to be seen if he’ll ultimately be back next season with the team. With the Thunder well over the cap, and into the luxury tax threshold, the price to retain Grant in free agency in substantially more given the luxury taxes and penalties.

As ESPN salary front office insider Bobby Marks points out, if the Thunder sign Grant to a deal around $8 million, the total cost to retain Grant would balloon to around $53 million in combined salary and taxes for just one season.

With the Thunder facing heaving luxury tax penalties, they may have a difficult timing retaining Grant. It also doesn’t help their chances of re-signing him that the other teams in the mix have quite a bit of cap space available and can offer him quite a bit of money in free agency.

For instance, the Pacers can create as much as $51.8 million in cap space for the 2018-19 season, according to Eric Pincus of Basketball Insiders. The Bulls can create up to $36.7 million in cap space, while the Magic can get up to around $16 million in space.

It remains to be seen just how much money Grant can receive on the market, but those three other teams reportedly interested in him can offer him much more than the Thunder can without getting hit with luxury taxes and penalties.

While the Thunder could certainly bring Grant back, it remains to be seen how deep into the luxury tax they want to go to re-sign him. If Paul George returns, the team will be looking at a payroll of $151 million and another $104 million in luxury tax.

Will Grant be worth it? Only time will tell…