The Mavericks rescinded their qualifying offer to point guard Yogi Ferrell, tweets Shams Charania of Yahoo Sports. However, Dallas intends to re-sign Ferrell and they are “on the one-yard line” of finalizing a deal, per ESPN’s Tim MacMahon.
By rescinding Ferrell’s qualifying offer, Dallas’ plan is likely a cap room maximization. The team can increase its cap space to $6.5MM by replacing Ferrell’s $2.9MM qualifying offer with a $1.5MM cap hold as an unrestricted free agent, tweets salary cap expert Albert Nahmad. Dallas has yet to re-sign Dirk Nowitzki, but the team can use its increased cap space or room exception on the veteran and then go over the cap to ink Ferrell.
Ferrell, 25, enjoyed his best full season in 2017/18 as he played in all of the Mavericks’ 82 games while accumulating 21 starts. The former Nets averaged 10.2 PPG, 3.0 RPG and 2.5 APG for Dallas.
The Indiana University product previously stated he would like to stay in Dallas which explains his willingness to re-sign despite his qualifying offer being rescinded. The Mavericks will enter the 2018/19 season with a stacked backcourt as the roster already includes 2018 first-rounder Luka Doncic, 2017 first-rounder Dennis Smith Jr., and J.J. Barea.