By extending the qualifying offer, the Warriors had maintained the right to match any offer sheet the 26-year-old signed with another team. Now, Cook is free to sign with any club.
With the move, Cook's $1.9-million cap hold is coming off the Warriors' books. However, since the team is already well over the salary cap for 2019-20, it does not free up any new cap space.
While logging over 14 minutes per game last season, Cook averaged 6.9 points, 2.1 rebounds, and 1.6 assists. He's a 41.8 percent 3-point shooter on 330 long-range attempts during his career.