ESPN’s Marc J. Spears reports that Trae Young plans to opt out of the final season of his contract and become an unrestricted free agent.

Acquired from the Hawks in early January, Young appeared in five games for the Wizards before being shut down in mid-March. Had he opted into the final season of his contract, the point guard would have earned nearly $49 million. And this may not be a case in which Young is opting out to negotiate a deal with the Wizards that would give the team more cap space. According to the report, there’s a belief that “multiple teams” will show interest in signing Young. Washington is perceived to be the favorite to sign Young, but that isn’t guaranteed. The question is whether this will affect how the Wizards view the first overall pick in next week’s draft. BYU’s AJ Dybantsa is considered the favorite to go first, but Kansas’ Darryn Peterson has refused to work out for any team other than the Wizards.