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NBA Rumor Central: Jeremy Lin to join free-agent market

David Foster III/Charlotte Observer/TNS via Getty Images

Point guard Jeremy Lin signed with the Charlotte Hornets last July and his contract includes a 2016-17 player option worth $2.42 million. To no surprise, Chris Haynes of Cleveland.com reports Lin will decline the option, so he can become a free agent July 1.

Lin did not impress enough NBA executives the last few years, which is why he could only get a low-dollar deal as a free agent in 2015. Lin had a comeback season playing for Hornets head coach Steve Clifford in 2015-16 as he provided a significant role off the bench and many times made key baskets late in games.

Lin averaged 11.7 points, 3.0 assists and 3.2 rebounds during his first season playing with Charlotte and said in April that he would like to re-sign with the Hornets. Charlotte will likely operate as an over-the-cap team in July and can only offer Lin a salary next season worth the $5,628,000 non-taxpayer mid-level exception.

Lin's deadline to accept the player option is June 22, which he won't, so June 23 he will officially join the 2016 free-agent market.