Michael Beasley is free to chase another contract after the Miami Heat informed him that they would not be picking up their $1.3 million team option on his 2015-16 contract.
Beasley was brought back for a third tour with the team at midseason, amid a series of injuries to the team’s frontcourt.
While he thrived during his initial games with the team, he was shuffled to the back of the roster by season’s end.
Beasley essentially made the announcement of the Heat’s decision, posting an image of a postcard on Instagram that read, “Goodbye Miami Florida.” The accompanying hashtag read, “Wish that I can say it’s been real.”
Re-signing Beasley later in the summer would reduce the hit they take on the luxury tax and salary cap. Miami selected Beasley at No. 2 in the 2008 NBA draft, behind Derrick Rose.