Longtime Orlando Magic point guard Jameer Nelson has received clearance to delay his decision on whether to opt out of his contract for the 2012-13 season, according to Josh Robbins of the Orlando Sentinel. Nelson must now file paperwork by June 29 to exercise his player option for next year. The option is for $7.9 million.
If he declines it, he'd become an unrestricted free agent on July 1.
The Magic actually consented to the deadline move, reports Robbins. Orlando is currently weighing the hire of a new general manager to replace Otis Smith, who was dismissed after the Magic were eliminated from the NBA playoffs by the Indiana Pacers.
If Nelson does opt out, he'll be mixed up with an interesting point guard class led by Deron Williams and Steve Nash. But new cap rules and the looming luxury tax changes could constrict the market a good bit.
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