The Brooklyn Nets have rescinded the qualifying offer for free agent forward Mirza Teletovic, making him an unrestricted free agent, the team announced today. The offer was a one-year tender for $4.2 million, and by tendering the qualifier the Nets had the right to match any offer on the NBA market.
Had Teletovic signed his qualifying offer, his $4.2 million would have cost the Nets between $15 and $20 million with the added luxury tax. Teletovic hadn’t gotten any publicly known offers on the free agent market, and it’s possible that he could sign a smaller deal with the Nets or elsewhere.
Teletovic missed three months of playing time this season following the discovery of blood clots in his lungs. He shot a career-high 39 percent from three-point range in 2013-14 before struggling last season.
The Nets currently have 14 players under a contract at least partially guaranteed through the season, with four more on non-guaranteed contracts.