Lin has declined his $2.2 million player option for the 2016-17 season, making him an unrestricted free agent, Chris Haynes of the Cleveland Plain Dealer reports.

EDGE Analysis

While Lin has expressed his interest to remain in Charlotte, he vastly outperformed his current contract and should be due for a sizable raise on the open market after making just over $2 million in 2015-16. The 27-year-old will likely seek a longer-term deal as the salary cap expands, and he figures to attract several suitors in search of a combo guard off the bench.