The Toronto Raptors have renounced their restricted free agency rights on Jerryd Bayless, making him an unrestricted free agent, according to ESPN's Marc Stein. The Raptors still could sign Bayless again, but he is now an unrestricted free agent and can freely sign a contract elsewhere without the Raptors being able to match it.
A former first-round pick, Bayless has bounced around the league during his four-year career. He had a breakout season for the Raptors last year when he was on the court, averaging 11.4 points per game as a sixth man while shooting over 42 percent from three-point range. However, various injuries limited him to just 31 games on the year.
The Raptors renounced his rights because, had he picked up his qualifying offer, it might have hurt their chances of completing deals for Kyle Lowry and Landry Fields. Renouncing Bayless' rights ensures that the Raptors will have enough cap space to facilitate both new players.
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