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Jeremy Lin Declines Option, Becomes Free Agent

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Facing a Wednesday deadline, Charlotte Hornets guard Jeremy Lin declined to opt in on a $2.2 million player option for next season, making him an unrestricted free agent as of July 1, league sources say.

Lin, who turns 28 in August, averaged 11.7 points, 3.2 rebounds and 3 assists over 26.3 minutes per game in his only season with the Hornets. He signed a two-year, $4.3 million contract with Charlotte last July, but the contract contained an early termination option that Lin triggered to explore free agency.

Source: Marc Stein of ESPN