The Raptors have elected to decline their team option on John Lucas III for the 2013/14 season, according to ESPN.com's Marc Stein (via Twitter). The decision will make Lucas an unrestricted free agent next week, and Stein believes the veteran point guard could end up back in Chicago, where he played before joining the Raptors last summer.
Lucas' team option for next season was worth a modest amount, about $1.57MM, so it's a little surprising that Toronto turned it down. The decision leaves Kyle Lowry as the only real point guard left on the Raptors' roster, since Sebastian Telfair is also headed for free agency, so that figures to be an area the team will focus on in July.
In 63 games with the Raptors, Lucas averaged 5.3 PPG and 1.7 APG while playing 13.1 minutes per contest.