The Pacers will not pick up the option on the contract of Marquis Daniels, according to the Indianapolis Star.

The option on the guard's contract for the 2009-10 season was worth $7.5 million.

Daniels will become an unrestricted free agent on July 1. It remains possible that Indiana could re-sign Daniels to a long-term deal at a lower annual rate.

Via Indianapolis Star

Indiana Pacers

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