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Heat pull back qualifying offer to Derrick Walton Jr.

Derrick Walton Jr.

Consider Derrick Walton Jr. a fish that’s now part of the unemployed pool of NBA players. That’s after the Miami Heat have decided to take back the qualifying offer they previously extended to the point guard, according to a report by Anthony Chiang of the PalmBeach Post.

The Heat have withdrawn their qualifying offer to guard Derrick Walton Jr., which makes him an unrestricted free agent.

The Heat had until Friday to make this decision or else the two-way contract offer would have remained on the table until Walton decided if he wanted to take it or not. The qualifying offer included a $50,000 guarantee for next season.

As such, Walton is now an unrestricted free agent, meaning he can sign with any other team that will have an interest in him. Walton, however, will continue to sweat it out with the Heat’s Summer League team.

The Heat’s decision to cancel their offer to Derrick Walton Jr. may have a lot to do with the guard’s poor shooting in the Summer League. In three games in Sacramento, the 23-year-old Michigan product averaged only 6.3 points on a ghastly 19.0 percent shooting from the floor. He’s doing better in Las Vegas, as he has shot 36 percent from the field in the first two games there, though, that obviously was not enough for him to wow Miami’s front office.

Last year, he inked a two-way deal with the Heat and played 27 games for Miami’s G League affiliate, Sioux Falls Skyforce. He also played in the big league, appearing in 16 games for the Heat and accumulating averages of 1.8 points, 1.0 rebound, and 1.0 assists in 9.2 minutes.