The Miami Heat informed forward Michael Beasley that the team will not pick up his $1.3 million option for next season.
The No. 2 pick in the 2008 NBA Draft was told of the team’s decision Saturday night. Beasley will officially become a free agent on Wednesday.
Beasley, in his third stint with the Heat after returning from China, averaged 8.8 points, 3.7 rebounds and shot 43.4 percent in 24 games last season. He also was with the Heat from 2008 through 2010 and was part of the 2013-14 team that went to the NBA Finals.
“Michael has shown a lot of poise and maturity in coming back from China and battling back into the NBA and earning not only a position but a role where he could contribute, and the future for Michael is bright and his talent is still being developed,” Beasley’s agent, Jared Karnes, told the Miami Herald on Sunday.