Report: Andre Iguodala decides to opt out of final year of contract to enter free agency

13 Comments

It has always been a distinct possibility that Nuggets forward Andre Iguodala would choose to opt out of the final year of his contract to become an unrestricted free agent.

The offseason moves of the front office in Denver, which included firing Coach of the Year George Karl and parting ways with Executive of the Year Masi Ujiri, likely made his decision that much easier.

From Adrian Wojnarowski of Yahoo! Sports:

Denver Nuggets forward Andre Iguodala has decided to opt out of the final year of his contract and enter free agency, Yahoo! Sports has learned.

Iguodala, 29, promises to be one of the most desired players on the summer market. His agent, Rob Pelinka, informed Denver CEO Josh Kroenke of the plan in a meeting on Thursday in Los Angeles.

“We are fully aware of Andre’s intentions and he’s well aware of how much we want him back,” Kroenke told Yahoo! Sports Friday afternoon. “Andre us a huge priority for our organization.”

Iguodala stated as recently as the end of March that this was the plan, and while he would let the playoffs have some influence over whether or not he’d play out the final year of a deal that would have paid him $15.9 million next season, it wouldn’t have been the most prudent move financially.

Even though his next contract will start at less than what he was slated to earn next season, signing a multi-year deal now guarantees Iguodala much more money in the future.

Under the terms of the collective bargaining agreement, he can sign a four-year deal with a new team, or get an extra year by choosing to stay with the Nuggets. Had he not chosen to opt out, Iguodala would only have been eligible for a three-year extension.

Iguodala will be coveted, but it’s a relatively crowded free agent class, especially if the big names decide to truly test the market. Dwight Howard, Chris Paul, and Josh Smith are among the guys Iguodala will be competing with for the dollars available under the salary cap.

It’ll be interesting to see what effect if any all of the recent changes in Denver have on the team’s ability to retain Iguodala, and whether or not the Nuggets will come up with the right amount of cash to retain his services.

Iguodala averaged 13 points, 5.3 rebounds and 5.4 assists per game in Denver last season, but his athleticism and ability to defend on the wing are the assets that will have several teams interested in him beginning July 1.