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The Miami Heat have withdrawn the qualifying offer they presented Derrick Walton Jr., according to RealGM’s log of official NBA transactions.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.
— Sun Sentinel Sports (@Sentinel_Sports) July 12, 2018
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.