Free agent Yogi Ferrell is reportedly nearing a deal to re-sign with Dallas.

According to ESPN’s Tim MacMahon, the Mavericks rescinded the qualifying offer extended to Ferrell, with plans to get a new deal done. Ferrell became an unrestricted free agent after the one-year $2.9 million offer was rescinded, but the 25-year-old point guard is slated to stay in town as an updated contract is in the works.

Mavericks coach Rick Carlisle has publicly said teams can never have enough playmakers, which appears to be the case as Luka Doncic, Dennis Smith Jr., Jalen Brunson and JJ Barea are also point guards on the roster.

Ferrell played in all 82 games last season, averaging 10.2 points and 2.5 assists in 28 minutes per game.