With the number of veterans who retired in the last 2 years, that is not normal, the pandemic was really a big factor in their decision. Also, we know that there are some PBA players who are not given a contract this season, that's another thing, the competition is getting in this struggling time.
There's a comment I read in the PBA portal community in social media that Pingris likely turned down the offer because it was below the average of his salary while at the same time, much better to stay at home rather than taking the risks of contracting a virus in the bubble. It's not about the money as he is financially capable but seeing the amount on the contract, like it's not worth giving it time.
Adding to that, I've remembered that some teams are struggling financially like Phoenix which results in trading Abueva to another team as his contract here involves a big amount like no other player has. RSA also says recently that the cost of running 3 teams is not a joke.
The speculation was because of Danica Sotto's statements; "God maybe has another plan for us" and "I'll always be by your side".
Don't know if that's true but what do you think?