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Jordan Farmar Exercises Player Option

5:54pm: Farmar confirmed to Stefan Bondy of the New York Daily News (via Twitter) that he will be opting in for next year.

5:26pm: Jordan Farmar is opting into the final year of his contract, according to Colin Stephenson of the Newark Star-Ledger (via Twitter).  The news contradicts yesterday's report that indicated the point guard would opt out and test the open market.

Farmar's option for 2012/13 is worth $4.25MM and will hinder the Nets' flexibility this summer as they look to re-sign Deron Williams and add more pieces around him.  The news also comes on the heels of a report that Williams and Jason Kidd plan to sign as a package deal, whether it be in Brooklyn or Dallas.

The former Lakers first-round pick averaged a career-high 10.4 PPG with 3.3 APG in 39 games last season.


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