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Nets will not make qualifying offer to Jerome Jordan but he could return

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Gary A. Vasquez-USA TODAY Sports

The Nets will not make a qualifying offer to Jerome Jordan before June 30, although he could return, according to league sources. The move is essentially a bookkeeping move to give the Nets more flexibility.. Jordan would have become a restricted free agent if the Nets had made the offer.

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 reduce a cap hold on Jordan, which also reduces the team's salary cap commitments. The team could also renounce his cap hold -- around $900,000 -- completely. Teams will often renounce their rights to a player without any announcement.

What this COULD mean is they are holding out hope of getting under the luxury tax threshold and need every nickel and dime off the cap. That MIGHT also lead them to dump the cap holds on Darius Morris and Earl Clark, both of whose contract next year are non-guaranteed. They have cap holds in excess of $1 million each. Morris becomes partially guaranteed on July 1 ($25,000) which then goes up progressively.  Clark becomes partially guaranteed on October 26 ($200,000), the day before teams have to cut down to final rosters.

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.

Jordan, who will be 29 before next season, was signed in September by the Nets after Hamady N'Diaye, their original choice for back-up center, failed a physical. Mike Mazzeo tweeted that Lionel Hollins likes Jordan and he could return once the Nets sort out other, larger issues.