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Bobcats rescind D.J. Augustin offer

Updated: July 12, 2012, 4:52 PM ET
Associated Press

CHARLOTTE, N.C. -- The Bobcats have announced they've rescinded their qualifying offer to point guard D.J. Augustin.

That means Augustin, Charlotte's starting point guard last year when not injured, immediately becomes an unrestricted free agent.

The move will save the Bobcats about $4.4 million under the salary cap and likely means Kemba Walker will be the team's starting point guard this season unless the Bobcats make a move in free agency.

Augustin was initially selected ...

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