Alex Kennedy reports that Shane Larkin will opt out of his $1.5 million contract.
Shane Larkin is opting out of his contract with the Nets, per sources. He'll be an unrestricted free agent. He had a $1.5 mil player option.— Alex Kennedy (@AlexKennedyNBA) June 2, 2016
Larkin, who was back-up to Jarrett Jack early in the season, took over starting duties when Jack went down with a torn ACL and other injuries in early January.
The 23-year-old Miami product averaged 7.3 points and 4.4 assists, but was inconsistent. He shot 44.2 percent overall and 36.1 from deep, but his best shooting percentages were early in the season. By season's end, he and Brook Lopez had developed a good relationship on the pick-and-roll. In theory, Larkin could re-sign with the Nets come July.
Billy King gave four players 1+1 deals last summer, a guaranteed year with a player option in the second. One of the four, Andrea Bargnani, sought and received a buyout in March. The other two player options are held by Thomas Robinson and Wayne Ellington. There have been reports that TRob will also opt out of his $1 million deal while there's been no word on Ellington, who would be paid $1.6 million next season.
A league source told NetsDaily near the end of the season that he expected all four to opt out, that the dramatically increased salary cap would present them with more lucrative deal-making possibilities.