WASHINGTON -- Paul Pierce is opting out of the final year of his contract with the Wizards and will become a free agent Wednesday.
The veteran small forward signed a two-year deal with Washington last summer that included a reported $5.5 million player option for the 2015-16 season.
Pierce told The Player's Tribune website of his decision, and the Wizards confirmed his move Saturday.
According to a report in The Washington Post, Pierce will either return to the Wizards or join the Los Angeles Clippers to be reunited with his former coach Doc Rivers.
The Clippers can acquire Pierce by offering him the taxpayer midlevel exception worth slightly less than $3.4 million. Washington will be able to offer Pierce a new deal starting in excess of $6 million now that he's opted out.
The Wizards reached the Eastern Conference semifinals in Pierce's first season with the team. Washington went 46-36, the franchise's most victories since 1978-79, then swept the Toronto Raptors in the first round of the playoffs before losing to the Atlanta Hawks in six games.
Pierce starred during the postseason with several clutch moments, including a jumper at the buzzer to beat the Hawks in Game 3. He appeared to have made a game-tying 3-pointer in the final second of Game 6, but replay revealed the shot came after the buzzer.
Pierce averaged 11.9 points and 4.0 rebounds in 73 starts during the regular season.
Information from ESPN.com's Marc Stein and The Associated Press was used in this report.