A two-way player for Miami last season, Walton received a qualifying offer to make him a restricted free agent. The qualifying offer was a one-year, two-way contract with a $50K guarantee, and gave the Heat the ability to match any offer sheet Walton signed with another team. However, Miami has apparently given up its right of first refusal by rescinding its QO.
Teams around the NBA have until this Friday to withdraw qualifying offers for NBA and two-way restricted free agents. If clubs keep their QOs on the table beyond that date, they can’t be withdrawn without the player’s consent for the rest of the summer.
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Walton, 23, saw limited action in 16 games for the Heat last season, playing more extensively for the club’s G League affiliate, the Sioux Falls Skyforce. In 27 NBAGL contests, the point guard averaged 16.1 PPG and 7.0 APG with a .442/.377/.902 shooting line.
Duncan Robinson is currently occupying one of the Heat’s two-way contract slots. With Walton seemingly no longer in the mix for the other spot, Miami should have a two-way opening going forward.