Heat pull qualifying offer on Kendrick Nunn

The Heat have pulled the $4.74M qualifying offer on point guard Kendrick Nunn, making him an unrestricted free agent, according to Shams Charania of The Athletic (Twitter link). Miami no longer has the ability to match an offer sheet that Nunn signs.

Nunn, 26, is coming off an inconsistent stint with Miami, seeing his role fluctuate during his two seasons with the team. He still managed to average 15 points, three assists and 29.4 minutes in 123 regular-season games, shooting 46% from the floor.

The Heat signed Nunn at the end of the 2018-19 season, developing him as a young player behind starting point guard Goran Dragic. Miami is also expected to deal Dragic as part of a sign-and-trade for Kyle Lowry, the team’s prized free-agent acquisition of the summer.

In addition to Lowry, the Heat re-signed four of its free agents and landed P.J. Tucker on a two-year, $15M contract. It has 10 players under contract and will likely fill the other five spots on lower-salary deals — in addition to two players on two-way contracts.