Coming off a successful season with the Miami Heat, P.J. Tucker is going to try cashing in with a new contract this summer.

Per Shams Charania of The Athletic and Stadium, the 37-year-old declined his $7.35 million player option for the 2022-23 season to become a free agent.

Charania reported Tucker is expected to get interest from "several championship-contending teams."

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According to Tim Reynolds of the Associated Press, Tucker's decision to opt out of his deal does not mean his time in South Beach is coming to an end:

Despite playing an integral role for the Milwaukee Bucks on their run to an NBA championship during the 2020-21 season, Tucker became an odd-man-out during the offseason when they elected to re-sign Bobby Portis.