Did the Sixers BOTCH the Quentin Grimes situation?

The Sixers and Quentin Grimes appear to be headed toward a one-year deal on the qualifying offer. Did Daryl Morey and the 76ers screw this one up? Is there still time to salvage it? How will this standoff impact the guard rotation with Grimes, Tyrese Maxey, VJ Edgecombe, and Jared McCain?