Miami Heat big man Kelly Olynyk has exercised his $13.6 million player option for the 2020-2021 NBA season, according to Adrian Wojnarowski.
Olynyk is now eligible to be traded, but if he stays with the heat, he will become a free agent during the 2021 offseason.
This upcoming season will be the last of his four-year, $50 million contract he signed back in July 2017.
The 29-year-old averaged 8.2 points and 4.6 rebounds per game in the regular season, as well as 7.6 points and 4.6 rebounds in 17 playoff games.
The Heat are expected to operate as an over-the-cap team, allowing them to re-sign Goran Dragic, Jae Crowder and potentially Derrick Jones Jr. and Meyers Leonard, according to Barry Jackson of the Miami Herald.