I'm glad they pulled the offer. 56mil for a high end older role player would be crazy. seriously, that is superstar type money.
hopefully, they FO saw that Iggy has 2-3 good years left and realized the kings are not going to contend that fast. maybe they found out the structure of NO offer to tyreke and realized they couldn't get both reke and iggy and chose to concentrate on the player with more upside, tyreke.
by saving the money, they can resign tyreke and cousins.
Good choice, but next time PDA, think it through before you put out the offer to the world.
I'm ok with PDA pulling the offer.