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Heat withdraw offer to Walton Jr. and he’s now an unrestricted free agent

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The Miami Heat backed off their guarantee to the second year guard in wake of the deadline.

Washington Wizards v Miami Heat Photo by Mike Ehrmann/Getty Images

The Miami Heat have withdrawn their qualifying offer to guard Derrick Walton Jr., making him an unrestricted free agent.

Walton Jr., played a two-way contract last season with the Heat, and was working under the same deal moving forward. However, the Heat had until Friday to withdraw their qualifying offer to him, removing a $50,000 guarantee and taking a two-way contract offer off the table for Walton to accept for next season.

Now, his future with the team is in doubt. The Heat have already signed a similar deal for Duncan Robinson for this season. And they can only have 2 two-way contracts. What this does is give the Heat flexibility to use the second contract on someone else they like, or offer it again to Walton Jr. if they would like.

Derrick will remain with the Heat summer league team unless he receives another offer from another NBA team to work under a two-way or training camp deal.

Ira Winderman was the first to give us the news.

What this really does for the Heat, if they hang on to it long enough is allow them to bring in better quality players for their training camp roster. With open roster spots or a two-way contract available, they can entice some players to join them for a shot at making the team.

Walton is a point guard sized player who’s strength is his shooting. Although he has struggled shooting during the summer league, he’s still a decent player. He just hasn’t made the advances the Heat were hoping for, in my opinion.