Pacers’ C.J. Miles to opt out and test free agency, per report

Indiana Pacers forward C.J. Miles will opt out of the final year of his contract and test free agency, according to ESPN.com’s Chris Haynes. He leaves a guaranteed salary of about $4.8 million on the table for the opportunity to secure a more favorable contract on the open market.

Miles has been a reliable reserve swingman and perimeter shooter for the bulk of his 12-year career. He averaged 10.3 points per game on 41.3 percent three-point shooting for the Pacers last season.

The Pacers’ front office anticipated his decision to decline the player option on his contract, according to Haynes.

The 30-year-old Miles spent the last three seasons in Indiana after seven years with the Utah Jazz and two years in Cleveland. A competent three-and-D forward, he is likely to score a sizable contract — either in Indiana or elsewhere — with a team that needs to add depth on the wings.

Miles signed a four-year deal worth $18 million with the Pacers in 2014.