Forward James Jones has informed the Miami Heat he won’t be exercising
the player option in his contract and will become a free agent,
according to an NBA source.
Jones, who was waived days before free agency opened last year, then
re-signed 21 days later, would’ve earned $1.3 million this year had he
exercised his option.
The 30-year-old former American High and University of Miami standout averaged 5.9 points on 42.2 percent shooting from the field (42.9 from three-point range) in 2010-11. In stark contrast to his first two years with the Heat, when injuries and coaches’ decisions limited him to 71 total games and seven starts, Jones played 81 games and started eight in 2010-11.
Guard Eddie House is expected to inform the Heat Thursday whether or not he’ll exercise the option to extend his contract into next season. He would earn $1.4 million in 2011-12.