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Source: Sixers decline to make qualifying offer to two-way guard Terquavion Smith

Smith was on a two-way contract with the Sixers this past season. He averaged 3.3 points while shooting 37.1% on three-pointers in 16 NBA games.

Sixers guard Terquavion Smith against Atlanta Hawks on Friday, February 9, 2024 in Philadelphia.
Sixers guard Terquavion Smith against Atlanta Hawks on Friday, February 9, 2024 in Philadelphia.Read moreYong Kim / Staff Photographer

The 76ers will not extend a qualifying offer to Terquavion Smith, a league source confirmed Sunday. As a result, the 6-foot-4 guard becomes an unrestricted free agent. Liberty Ballers was first to report this news.

This comes one day after the Sixers did not pick up Jeff Dowtin Jr.’s club option for next season. These moves aren’t surprising as the team has prioritized clearing up cap space for free agency.

Free agents can begin negotiating with teams at 6 p.m. and will be able to sign their contracts at 12:01 p.m. on July 6.

» READ MORE: Sixers are a frontrunner for Paul George, but options behind him are slim in free agency

Smith was on a two-way contract with the Sixers this past season. He averaged 3.3 points while shooting 37.1% on three-pointers in 16 games.

However, the 21-year-old spent most of his time with Sixers’ G-League affiliate, the Delaware Blue Coats. With the Blue Coats, Smith averaged 22.0 points, 3.4 assists, and 2.9 rebounds while shooting 37.1% beyond the arc.

Smith went undrafted out of North Carolina State in 2023 after averaging 17.9 points as a second-team all-ACC selection during the 2022-23 season. He originally entered the 2022 draft, but withdrew his name and returned to college for his sophomore year.