The Heat have pulled the $4.74MM qualifying offer on point guard Kendrick Nunn, making him an unrestricted free agent, according to Shams Charania of The Athletic (Twitter link). Miami no longer has the ability to match an offer for Nunn, who can now sign outright with a new team.
Nunn, 26, is coming off an inconsistent stint with Miami, seeing his role fluctuate during his two seasons with the team. He still managed to average 15 points and 3.0 assists in 123 regular-season games (29.4 MPG), shooting 46% from the floor.
The Heat signed Nunn at the end of the 2018/19 season, developing him as a young player behind starting point guard Goran Dragic. Miami is also expected to deal Dragic as part of a sign-and-trade for Kyle Lowry, the team’s prized free-agent acquisition of the summer.
In addition to Lowry, the Heat agreed to re-sign four of its own free agents and landed P.J. Tucker on a two-year, $15MM contract. The team has 10 players under contract and will likely fill its remaining roster spots on minimum-salary deals or something close to it — in addition to two players on two-way contracts.