NBA

Cavs sharpshooter J.R. Smith reportedly will opt out of his deal, become free agent

ATLANTA, GEORGIA - APRIL 01: J.R. Smith #5 of the Cleveland Cavaliers reacts after hitting a three-point basket against the Atlanta Hawks at Philips Arena on April 1, 2016 in Atlanta, Georgia. NOTE TO USER User expressly acknowledges and agrees that, by downloading and or using this photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Kevin C. Cox/Getty Images)

ATLANTA, GEORGIA - APRIL 01: J.R. Smith #5 of the Cleveland Cavaliers reacts after hitting a three-point basket against the Atlanta Hawks at Philips Arena on April 1, 2016 in Atlanta, Georgia. NOTE TO USER User expressly acknowledges and agrees that, by downloading and or using this photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Kevin C. Cox/Getty Images)

The Cleveland Cavaliers might not have one of their key pieces back next season. Shooting guard J.R. Smith will not exercise his player option before the June 16 deadline and will become a free agent this summer, Cleveland.com reported Wednesday.

Smith, 30, has been inconsistent in the Finals, averaging 9.6 points on 39 percent shooting from the floor. He re-signed with the Cavs last summer, agreeing to a two-year deal worth $10.3 million.

Smith will opt out of the final $5.4 million of the deal and hit the free-agent market with the salary cap expected to balloon to $92 million because of the new TV contracts.

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Smith averaged 12.4 points, shooting 40 percent from beyond the 3-point arc in the regular season. He was named Sixth Man of the Year during the 2012-13 season while with the Knicks.