Nuggets news: Denver rescinds qualifying offer to Trey Lyles, becomes UFA
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Report: Nuggets rescind qualifying offer to Trey Lyles, becomes UFA

Trey Lyles

The Denver Nuggets have rescinded their qualifying offer to forward Trey Lyles, rendering him an unrestricted free agent, according to Shams Charania of The Athletic.

The Nuggets recently acquired power forward Jerami Grant in a trade with the Oklahoma City Thunder, which could bump Lyles way out of playing favor after the team picked up Paul Millsap’s option for next season.

Grant could play behind Millsap, back up Nikola Jokic as a speed-five, or even play at the three in bigger lineups, thanks to his 3-point shooting ability.

Lyles had a $4.5 million qualifying offer with a $10.1 million cap hold, making him the odd man out of a logjam at the power forward spot, with rookie Michael Porter Jr. and Jarred Vanderbilt also signed to the roster.

If Grant is used at the small forward slot instead of Will Barton of Torrey Craig, it would give Porter some minutes to develop, but Lyles would have been far too deep on the depth chart to be worth the money.

Instead, the Nuggets chose to cut him loose by rescinding his rights and giving him enough time to shop around for his next destination.

The 12th pick of the 2015 NBA Draft, Lyles averaged 8.5 points, 3.8 rebounds and 1.4 assists in the 2018-19 season, playing only 17.5 minutes per game in 64 appearances.

The Kentucky product had his best season in 2017-18, when he scored a feather shy of 10 points per game while shooting 38.1% from the 3-point line.