The Chicago Bulls will not extend a qualifying offer to the former Rookie of the Year Michael Carter-Williams, Bulls executive John Paxson told ESPN 1000 Tuesday.

Carter-Williams has regressed significantly since being drafted by the Philadelphia 76ers. He has already been traded twice in his career and after the Bulls acquired Kris Dunn, a $4.1 million qualifying offer is not even in the cards for Chicago.

There will be a wider range of teams that could now go after Carter-Williams because he will be an unrestricted free agent. He will certainly latch on somewhere.

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Posted by Ryan Gaydos

Founder and Editor-in-Chief of the LA Sports Pulse. When I'm not doing that or asleep, I am running FoxNews.com's homepage. Follow me on Twitter @RyanGaydos.

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