Udonis Haslem officially opted out of his contract Saturday, Turner Sports reports.

Haslem officially opted out of his contract Saturday, Turner Sports reports.

Analysis:

Haslem declined his $4.6 million player option for next season but hopes to return to Miami. In order to do so, he'd have to accept a substantially cheaper deal, though the 34-year-old is likely open to the idea so long as the Heat remain a top contender for a title. Haslem's future in Miami is not likely to be decided until LeBron James, Dwyane Wade and Chris Bosh make their respective decisions.