Andre Iguodala Opts Out, Will Be Free Agent

JUNE 28TH: Iguodala has formally filed his paperwork to opt out, making his decision official, tweets's Chris Broussard.

JUNE 14TH: Andre Iguodala has decided to opt out of the final year of his contract and become an unrestricted free agent, reports Adrian Wojnarowski of Yahoo! Sports. According to Wojnarowski, agent Rob Pelinka informed Nuggets CEO Josh Kroenke of the decision on Thursday.

"We are fully aware of Andre's intentions and he's well aware of how much we want him back," Kroenke said. "Andre us a huge priority for our organization."

While there appears to be mutual interest between Nuggets and Iguodala in a new deal, Denver is currently without a GM or coach, which makes the situation a little murkier. There will also be plenty of clubs vying for the 29-year-old's services. Wojnarowski names the Hawks, Cavaliers, Mavericks, Rockets, Pistons, and Pelicans as likely suitors.

An official decision from Iguodala is due by June 25th, but assuming he opts out, he'll be eligible for a new five-year contract from the Nuggets or a four-year deal from another team. He'll pass up a 2013/14 salary that Wojnarowski cites as $15.9MM, though various salary databases have it at $16.15MM — that salary included $250K in likely incentives, so perhaps those incentives are now listed as unlikely.

In any case, although I'm skeptical that Iguodala will land an annual salary that exceeds the approximate $16MM he would have earned on his current contract, he'll certainly be able to secure a significantly larger guarantee in a new long-term deal.

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