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Bulls, with Michael Carter-Williams, first team to decline extending qualifying offer to Rookie of the Year

Boston Celtics v Chicago Bulls

CHICAGO, IL - OCTOBER 27: Michael Carter-Williams #7 of the Chicago Bulls handles the ball during a game against the Boston Celtics at the United Center on October 27, 2016 in Chicago, Illinois. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Stacy Revere/Getty Images)

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Just four years ago, Michael Carter-Williams won Rookie of the Year.

Now, the Bulls don’t even see a $4,187,599 qualifying offer as worth extending.

David Kaplan of CSN Chicago:

Credit Sam Hinkie for trading Carter-Williams (to the Bucks) at just the right moment, netting the 76ers a valuable Lakers first-round pick that Philadelphia used to trade up for Markelle Fultz. Carter-Williams hasn’t nearly lived up to the typical production of a former Rookie of the Year.

The Bulls got Carter-Williams far cheaper from Milwaukee, for Tony Snell (who had a breakout year with the Bucks). But Carter-Williams continued to regress in Chicago. It’s just hard for a point guard with such a shaky outside shot, and Carter-Williams’ injuries haven’t helped.

With a smorgasbord of point guards that now includes Kris Dunn and Cameron Payne, the Bulls can move on.

Carter-Williams can probably latch on as a backup point guard somewhere. As an unrestricted free agent, teams will have greater comfort pursuing him. But this is a blow for someone with such a big accolade on his résumé.