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Is a bigger move coming after Bulls rescind David Nwaba’s qualifying offer?

With contract negotiations between the Bulls and David Nwaba reportedly at a standstill, Friday marked the deadline to pull his $1.7 million qualifying offer. The Bulls opted to do that Thursday night, according to Yahoo Sports’ Shams Charania and other media reports.

It’s a curious move given that cap hold is tiny, but in conjunction with dumping Jerian Grant and waiving Sean Kilpatrick, the assumption is this is all to free up as much immediate cap space possible for...something. K.C. Johnson reports that there’s “strong internal belief” of another move being finalized.