The move was expected and makes complete financial sense for Oladipo, who tore the patellar tendon in his left knee early in the postseason.
Oladipo inked a two-year, $18.2MM deal with Miami last summer, which included the player option. Oladipo’s contract decision adds another burden to the Heat’s bloated salary cap.
If all goes well in his rehab, he could be back in action early next season.
Oladipo has been snake-bit by major injuries during his career. He ruptured the quadriceps tendon in his right knee during the 2018/19 season while still with the Pacers, then underwent a second operation on the quad late in the 2020/21 season while with the Heat.
Across his 42 healthy games during the 2022/23 regular season, the former two-time All-Star averaged 10.7 PPG on .397/.330/.747 shooting, along with 3.5 APG and 3.0 RPG.
Oladipo is now on track for unrestricted free agency in 2024.