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."

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.