Detroit Pistons forward Greg Monroe has signed a $5.5 million qualifying offer, clearing the way for him to leave the franchise next summer, league sources told Yahoo Sports.

Monroe had been a restricted agent this summer and couldn't come to terms on a contract extension with the Pistons – nor could the team find a suitable sign-and-trade scenario for him.

For Monroe, this is a bold step that few have taken before him. It brings with it significant financial risk if he suffers a serious injury this season and loses market value. Nevertheless, Monroe has wanted out of Detroit, where he was drafted in 2010, and he'll get his wish next summer.

Pistons president and coach Stan Van Gundy had been unwilling to pay Monroe as one of the NBA's top forwards, and several attempts at sign-and-trade scenarios – including lengthy discussions with Portland, sources said – proved fruitless.

Detroit is working to balance a frontcourt that includes Monroe and power forward Josh Smith. Monroe averaged 15 points and nine rebounds a season ago. The qualifying offer limits the Pistons' ability to trade Monroe this season. He has veto power over a trade. If he is traded, he'd lose his ability to exercise his Bird rights on an extension with a new team.

The Pistons have been unafraid of losing Monroe for nothing next summer, believing the savings in salary-cap space has value to the remaking of the roster.

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