Fresh off the best season of his career, Philadelphia 76ers sixth man Louis Williams will opt out of his contract and become a free agent, according to a report in the Philadelphia Inquirer. Williams' agent, Leon Rose, confirmed the news to reporter John Mitchell.
Williams initially signed a five-year, $25 million contract after the 2007-08 season, but his deal contained an opt-out clause after the fourth year. Williams ultimately decided to exercise that clause after his strong season. Had Williams not exercised his right to opt out, he would have made $5.35 million next year.
Williams led the 76ers' in scoring in 2011-12, averaging a career-high 14.9 points per game. He finished a distant second to James Harden in the Sixth Man of the Year voting.
It remains unclear whether the 76ers will have any interest in re-signing him. Despite his strong season, Williams may be let go to clear more playing time for Evan Turner.