Victor Oladipo exercised his $9.5 million contract option for the 2023-24 season and will remain with the Miami Heat, according to ESPN's Adrian Wojnarowski.
Oladipo signed a two-year, $18.2 million contract with Miami last offseason. Opting into the contract was seen as the widely expected result, with Oladipo averaging 10.7 points, 3.5 assists and 3.0 rebounds per game. He was also limited to 42 games because of injury and falling out of the Heat's rotation.
"At best, maybe he would get half a midlevel [$5.6 million] on the open market," a scout said, according to Barry Jackson of the Miami Herald.