Hornets guard Jeremy Lin declined the $2.2 million team option to return to Charlotte next season and will become a free agent on July 1.
Lin averaged 11.7 points, 3.0 assists and 3.2 rebounds for the Hornets last season. The 28-year-old signed a two-year, $4.3 million deal with Charlotte last summer. Lin previously signed a three-year, $25 million deal with the Houston Rockets as a restricted free agent with the New York Knicks.