Report: Nets not making qualifying offer to Jerome Jordan

Jordan, who played in 44 regular season games and one in the playoffs, was eligible for a $1.147 million qualifying offer. It had to be made by the end of June but, as Devin Kharpertian first reported yesterday -- and NetsDaily confirmed -- the Nets have decided against the move. A league source told NetsDaily the decision was made to eliminate a cap hold on Jordan, reducing the team's salary cap commitments. Teams will often renounce their rights to a player without an announcement.

The Nets have said they intend to make a qualifying offer of $4.2 million to Mirza Teletovic, making him a restricted free agent, meaning the team can match any offer made by other teams.