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Nuggets rescind qualifying offer on Trey Lyles

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The former Cat now gets to fully embrace free agency.

Western Conference Semifinals - Portland Trail Blazers v Denver Nuggets Photo by Garrett Ellwood/NBAE via Getty Images

It would appear Trey Lyles is looking for a new NBA home this offseason.

Initially, Lyles was set to become a restricted free agent after the Denver Nuggets made a qualifying offer for the four-year NBA veteran. However, Denver has made several acquisitions since then, forcing them to rescind the qualifying offer of $4.5 million offer and $10.1 million cap hold that came with it, according to Shams Charania.

Denver was set to have three former Kentucky Wildcats on their roster for next season in Lyles, Jamal Murray and Jarred Vanderbilt. But now Lyles will hit unrestricted free agency for the first time and get to have more say in where his next NBA home is.

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 while playing 17.5 minutes per game in 64 appearances.

The former Wildcat had his best year in 2017-18, averaging 9.9 points and 4.8 rebounds per game while shooting 38.1% from deep.

Stretch forwards like Lyles have good value in today’s NBA, but because the major waves of free agency have passed, he may have a tough time getting more than a small 1-2 year prove it deal with a team option.