Update: DeRozan will decline his $10.2 million player option for the 2016-17 season and become an unrestricted free agent, Chris Haynes of the Cleveland Plain Dealer reports.
Analysis: With the salary cap expected to rise at the start of the new league year, DeRozan will opt out of his current deal, as he's widely expected to receive a max offer while on the open market. The Raptors are the current favorites to re-sign him after enjoying their best season in franchise history, although there's always a chance he decides to play elsewhere once other offers are brought to his attention. DeRozan is coming off a campaign where he averaged a career-high 23.5 points per game last season, so his contract remains priority number one for the Raptors moving forward.
DeRozan scored 34 points and the Toronto Raptors held on for a 102-99 victory over the Indiana Pacers and a 3-2 lead in their first-round series Tuesday night when Solomon Hill's 3-pointer was ruled after the buzzer.
DeRozan had been limited to 13.3 points on 29.6 percent in the first four games of the series but went 10 of 22 on Tuesday.