Rudy Gay opting out, will become unrestricted free agent

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What is the market for Rudy Gay? (1:16)

Bobby Marks reacts to Rudy Gay's decision to opt out of his $8.8M player option for the 2018-19 season. (1:16)

San Antonio Spurs forward Rudy Gay is declining his 2018-19 player option to become an unrestricted free agent this summer, league sources tell ESPN.

Gay is turning down a salary of $8.8 million in order to hit free agency.

The 31-year-old veteran signed a two-year, $17 million deal with the Spurs last offseason, and the deal contained a player option on the second year.

During his lone season in San Antonio, Gay served in a reserve capacity for the first time in his 11-year NBA career. He appeared in 57 games during the 2017-18 campaign, averaging 11.5 points and 5.1 rebounds in a career-low 21.6 minutes per game.

The Spurs are now waiting for a decision from shooting guard Danny Green, who has a player option of $10 million.