A day after trading for point guard Kyle Lowry, the Toronto Raptors today renounced their qualifying offer to guard Jerryd Bayless, making him an unrestricted free agent. SB Nation has the details: “The Raptors still could sign Bayless again, but he is now an unrestricted free agent and can freely sign a contract elsewhere without the Raptors being able to match it. A former first-round pick, Bayless has bounced around the league during his four-year career. He had a breakout season for the Raptors last year when he was on the court, averaging 11.4 points per game as a sixth man while shooting over 42 percent from three-point range. However, various injuries limited him to just 31 games on the year.”