It isn't a qualifying offer. QO are for "young" players. When a team pick a QO, the player becomes a restricted free agent instead of an unrestricted free agent. It is made to avoid that teams lose the "young" layers they have developed.
Finley has a player option for next year. He must pick it or not before July 1st. If he picks it, he will be under contract with Spurs for 09-10 with a $2.5M. If he doesn't pick it, he will become an unrestricted free agent.

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