Doug McDermott won’t become a restricted free agent on Sunday after all, according to Zach Lowe of ESPN.com, who reports (via Twitter) that the Mavericks have withdrawn their qualifying offer to the four-year veteran.
It’s a quick turnaround for the Mavs, after we heard on Tuesday that the team had extended a qualifying offer to McDermott. According to Lowe, Dallas still has interest in retaining McDermott, but this decision will make the sharpshooter an unrestricted free agent. It will also clear extra cap room for the Mavs, since McDermott’s cap hold as a restricted free agent would have been worth nearly $9.9MM.
McDermott, 26, recorded 9.0 PPG on .478/.494/.857 shooting in 26 games with the Mavericks last season after coming over from New York in a deadline deal. While the former 11th overall pick has never averaged double-digit points in a season, he has been a reliable three-point threat since entering the league, making 40.3% of his outside attempts.
The Mavericks, who added Luka Doncic and Jalen Brunson in last week’s draft, have been linked to a number of big men in free agency, including DeMarcus Cousins, DeAndre Jordan, Julius Randle, and Clint Capela. If they decline Dirk Nowitzki‘s $5MM team option, as suggested by Tim MacMahon and Bobby Marks of ESPN (Twitter link), the Mavs could get up to approximately $26MM in cap space, per ESPN’s Adrian Wojnarowski and Marks (Twitter link).
If Dallas requires all its available cap room to make a play for one of those bigs, it could offer the $4.4MM room exception to Nowitzki or McDermott. However, since the Mavs will no longer have the right of first refusal, the team won’t be able to stop McDermott from signing outright with another suitor.