7:22pm: The Warriors confirmed via press release that Landry has declined his player option.
2:20pm: Carl Landry has decided to turn down his 2013/14 player option and will become an unrestricted free agent this summer, reports Marcus Thompson of the Bay Area News Group. Landry tells Thompson that he would like to stay with Golden State, which made the decision, which was due by today, a tough one.
By opting out of the final year of his contract, Landry will forgo a guaranteed $4MM in search of a larger deal. The decision doesn't necessarily preclude a return to the Warriors, but given the team's proximity to the tax line and its desire to re-sign free agent point guard Jarrett Jack as well, Golden State may not have the cap flexibility to bring back the veteran forward.
An in-season report suggested that the Raptors would have interest in pursuing Landry this summer, though Toronto will likely have plenty of competition. I would guess that Landry will be seeking a slight upgrade in his annual salary, and will prioritize multiyear offers.
Agent Mark Bartelstein had confirmed last week that Landry was leaning toward opting out.