Francisco Garcia declines 2014-15 player option

As expected, Houston Rockets wing Francisco Garcia has declined the 2014-15 player option on his contract, making him an unrestricted free agent.

As explained in the post below, this made perfect sense for Garcia, allowing him to seek more long-term guaranteed money with little risk of him not finding a home.

The Rockets may be interested in bringing Garcia back as a depth option but may need to renounce his rights to clear additional cap space this summer. While Garcia's cap hold is a modest $915,243, renouncing his rights would turn that cap hold into a minimum player cap hold, saving $400,000 in cap space.