The Washington Wizards will decline the $20 million team option in the contract of forward Jabari Parker for the 2019-20 NBA season.
Chris Haynes of Yahoo Sports reported the news, adding Washington and Parker have mutual interest in working out a new deal.
Parker joined the Wiz ahead of the trade deadline in February as part of a deal with the Chicago Bulls that also brought Bobby Portis and a future second-round pick to Washington in exchange for Otto Porter Jr.
The 24-year-old Chicago native is still trying to live up to the hype that followed him after he was selected by the Milwaukee Bucks with the second overall pick in the 2014 draft.