Report: Magic guard Jameer Nelson opts out of his contract, becomes free agent

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Orlando Magic guard Jameer Nelson has declined his player option for the 2012-13 season and will become a free agent, reports Brian K. Schmitz of the Orlando Sentinel.

Schmitz's colleague, Josh Robbins, detailed on Thursday the pros and cons of Nelson's decision. In essence, Nelson has opted to hit free agency at age 30 in search of one last payday rather than waiting until he turns 31.