Update (4:02 p.m.): The Kings have officially waived forward Anthony Tolliver.
SACRAMENTO -- The Sacramento Kings have plenty of difficult decisions to make this offseason. One of those decisions was to choose between picking up veteran forward Anthony Tolliver's second year option at $8 million or buying out the final year for just $2 million.
The Kings will do the latter, NBC Sports California has learned.
After one season in Sacramento, Tolliver will not be retained by the Kings and will become an unrestricted free agent.
Sacramento had until June 1 to make the decision on the veteran's contract. Tolliver, who turns 32-years-old on Friday, averaged 7.1 points and 3.7 rebounds in 22.7 minutes per game for Sacramento this season. Known as a quality locker room presence, the nine-year NBA vet shot 39.1 percent from 3-point range over 65 contest for the Kings, including nine starts.
It appears that the Kings are looking to clear as much room as possible under the cap as they walk into draft season and free agency. Rudy Gay has already informed the Kings that he will opt out of his remaining $14.3 contract for the 2017-18 season and veteran Arron Afflalo is in a similar situation to Tolliver. Afflalo is due to make $12.5 million next season, but the Kings have a $1.5 million buyout option, which they are likely to invoke.
If Sacramento opts out of Afflalo's deal as well, they will have roughly $40 million in contracts on the books heading into the summer. With an expected NBA salary cap of $102 million, Sacramento will have plenty to spend.