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I didn't read that anyplace but since he signed with LAL for 1 million, it sounds reasonable. My read on the situation at the time was that he wanted to escape from ZBo's shadow and probably told Memphis he was not going to take the qualifying offer so they didn't bother to make it. My idea was to offer him more than the QO, which would have still been cheap and point out to him that Markieff was his only competition at PF. I'd want a long enough contract that we'd have the advantage over other teams when it came time to resign him.
I'm sorry, I should have qualified that comment. I didn't come across a news report, it was just various comments on RealGm that "sounded" authoritative. I bought into them because nothing else made sense to me. It's also likely that we weren't pushing very hard for him at the time because we still thought Frye was coming back.
I actually think our need for Davis was at least as great if we had kept Frye. A starting lineup of Bledsoe, Dragic, Tucker, Davis and Frye would have been formidable. Follow that with the second squad of Thomas, Green, MM (or Warren), MM and Len/Plumlee should also have been very effective. But add Davis to our current roster and I think we're still looking at many of the same problems we're struggling with now.
Steve