Marreese Speights has declined his $4,515,000 player option for next season with the Cavs and will become a free agent, tweets Adrian Wojnarowski of Yahoo! Sports. Cleveland acquired Speights as part of a three-for-one deal with the Grizzlies in January. The Cavs have no intention of re-signing him, according to Jason Lloyd of the Akron Beacon Journal (Twitter link).
An April report indicated that the Cavs felt Speights did not fit their culture, and that they were hoping he would opt out, so it sounds like they got their wish. The 25-year-old big man averaged 10.2 points and 5.1 rebounds in his 39-game stint with Cleveland, numbers that would have been career highs if stretched over a full season. Still, with No. 1 overall pick Anthony Bennett joining a crowded frontcourt that also includes Tristan Thompson, Anderson Varejao and Tyler Zeller, there may not have been many minutes left over for Speights.
The move will leave the Cavs with $27.5MM in guaranteed salary for next season, so Cleveland would have wound up with plenty of cap room regardless of Speights decision.