Kurt Tippett is set to join AFL premiers Sydney in next week's pre-season draft after Greater Western Sydney officially withdrew their interest.
Former Adelaide forward Tippett, who will miss the first 11 games of the season for his role in salary cap breaches and draft tampering, nominated for Tuesday's pre-season draft and set down the financial terms of his contract.
It was thought Tippett's salary requirements meant only GWS and the Swans would be in a position to select the 25-year-old.
However, Giants chief executive David Matthews says the asking price of Tippett is too high and it wouldn't be prudent for the fledgling club to sign him.
"Internally we established a value for Kurt Tippett based on his capabilities and whilst we were hopeful, his terms submitted this week confirmed that we are simply not in a position to pay what he wants," Matthews said in a statement on Wednesday.
"Particularly for a player who will miss most of the year through suspension.
"We will continue to look closely at talented and mature players who become available."
Tippett unsuccessfully sought a trade to the Swans this year, with the Crows having earlier entered into an improper side agreement to trade him to the club of his choice.
When a deal couldn't be struck, the irregularities of a three-year contract Tippett signed with Adelaide in 2009 emerged and payments of $200,000 outside the salary cap were also investigated.
Tippett was handed a 22-game ban for his role in the deal but 11 of those games were suspended for the next five years, while he was also fined $50,000.