The Bobcats have rescinded their qualifying offer to Derrick Brown, according to Rick Bonnell of the Charlotte Observer (via Twitter). The Bobcats extended the offer to Brown, valued at nearly $1.1MM, on the same day that they made D.J. Augustin a restricted free agent.
Brown, 24, enjoyed a career year for the Bobcats as he averaged 8.1 PPG with 3.6 RPG in just over 22 minutes per game. However, it wasn't likely that Brown would see that kind of playing time with the Bobcats this year with Michael Kidd-Gilchrist and Jeffery Taylor expected to see major minutes at the three.
The 6'7" forward was a second-round pick of the Bobcats in 2009 before being waived in 2011 and hooking on with the Knicks. Brown found his way back to Charlotte last winter for the minimum salary.