The Bulls have rescinded their qualifying offer to Joffrey Lauvergne, tweets Shams Charania of The Vertical. The move makes him an unrestricted free agent, and Charania notes that several teams are already expressing interest.
The qualifying offer was $2,137,149 and Lauvergne had a $3,248,466 cap hold, so Chicago frees up a little bit of money by letting him go.
The Bulls acquired the third-year center/forward from Oklahoma City in a trade at the February deadline. He played 20 games with Chicago, averaging 4.5 points and 3.4 rebounds in about 12 minutes per night.
Lauvergne was selected by Memphis with the 55th pick in 2013 and was traded to Denver on draft night. He spent two years with the Nuggets before being dealt to the Thunder in 2016. He earned a little more than $1.7MM last season.