Heat withdraw qualifying offer to Walton

Derrick Walton Jr. played in 16 games for the Heat in 2017-18.

The Miami Heat have withdrawn the qualifying offer they presented Derrick Walton Jr., according to RealGM’s log of official NBA transactions.

Walton, who was a two-way player for the Heat last season, had received a qualifying offer for a one-year, two-way contract with a $50,000 guarantee.

It made him a restricted free agent and gave the Heat the rights to match any offer sheet he signed. By rescinding the qualifying offer, Miami forfeits that right.

Walton, 23, played in 16 games fas a two-way player for the Heat last season, averaging 1.8 points, 1.0 rebounds and 1.0 assists in 9.2 minutes per game.

The 6-foot-1, 189-pound point guard shot 32.0 percent from the field, 41.2 percent from beyond the 3-point arc and was perfect on four free-throw attempts.

Walton went undrafted out of Michigan in 2017.