Portland Trail Blazers guard Norman Powell told Yahoo Sports that he will decline his player option for the 2021-22 season, and he will enter unrestricted free agency on August 1.
His player option is worth $11.6 million and will probably expect a considerable raise and a multi-year deal to go along with it.
Powell, 28, will have multiple teams after him alongside the Blazers, who will surely prioritize re-signing him.
Portland traded for Powell midseason, sending Gary Trent Jr. and Rodney Hood to his former team, the Toronto Raptors.
Since the Blazers already have the backcourt covered with their star duo of Damian Lillard and C.J. McCollum, Powell had to play out of position at the small-forward position.
Norman Powell is a six-year veteran coming off the best season of his career, averaging highs of 18.5 points per game and shooting 41.1% from beyond the arc in Toronto and Portland.
A champion with the 2019 Toronto Raptors, Powell will certainly be among the top guards in his class.