A number of players currently on NBA rosters are on contracts that aren't guaranteed for the 2012/13 season. Many of these players have one of three kinds of options on their contracts for 2012/13 — a team option, a player option, or an early termination option.
The decision to exercise a team option can only be made by the club, while a player option can only be exercised by the player. An early termination option is a type of player option that can only be included in contracts of five years or more.
If an option is picked up, the player will remain under contract for at least the 2012/13 season, while turning down an option means the player is eligible to become a free agent at the end of the 2011/12 season.
Listed below are the team, player, and early termination options for the 2012/13 season that have yet to be exercised or declined. The amount of the option is in parentheses.
Storytellers Contracts was used in the creation of this post.