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Reports: Farmar to opt out or not?

06/29/2012 12:30 PM ET
By Lou DiPietro
Amidst a summer of “will he or won’t he” speculation regarding starting point guard Deron Williams, it appears as if reserve guard Jordan Farmar’s status with the Brooklyn Nets is just as muddled as free agency looms.

According to a report by Howard Beck of the New York Times, a “close associate” of Farmar’s told the Times beat writer following Thursday's NBA Draft that the 25-year-old guard will opt out of the $4.25 million player option in his contract and become an unrestricted free agent on Sunday.

However, in a Tweet by the Daily News’ Stefan Bondy on Friday, Farmar was quoted as denying that report, saying, “Got a lot to think about. I got to decide soon though."

Soon is within the next 36 hours, as Farmar has until Saturday night to decide on whether or not to exercise his option and return to the Nets.

The Nets signed Farmar a two-year deal with the third-year option in July 2010 after the UCLA product had spent four seasons (and won two NBA Championships) with the Los Angeles Lakers. Farmar averaged a career-high 10.9 points, 3.3 assists, and 1.6 rebounds per game in 39 contests with the Nets last season, and shot at career-high clips from the field (46.7 percent), the free throw line (90.5 percent), and beyond the arc (44 percent three-point shooting).

Should Farmar opt out, his departure would give the Nets an additional $4.25 million in cap space to pursue free agents this summer.

With both Farmar and Williams (who becomes an unrestricted free agent at 12:01 a.m. Sunday) possibly on the way out of Brooklyn, the team did make a move to shore up their backcourt at Thursday’s draft, acquiring the rights to the No. 41 overall pick, Kansas guard Tyshawn Taylor, from the Portland Trail Blazers for cash.

Follow Lou DiPietro on Twitter: @LouDiPietroYES

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