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.