Report: Magic guard Jameer Nelson opts out of his contract, becomes free agent

Orlando Magic guard Jameer Nelson has declined his player option for the 2012-13 season and will become a free agent, reports Brian K. Schmitz of the Orlando Sentinel.

Hearing that Jameer Nelson ihas informed Magic he is opting out.—
Brian K. Schmitz (@MagicInsider) June 29, 2012

Schmitz’s colleague, Josh Robbins, detailed on Thursday the pros and cons of Nelson’s decision. In essence, Nelson has opted to hit free agency at age 30 in search of one last payday rather than waiting until he turns 31.

The Magic drafted two post players (St. Bonaventure’s Andrew Nicholson and Norfolk State’s Kyle O’Quinn) on Thursday, leaving a gaping hole at the point. Chris Duhon is the only lead guard Orlando has under contract.