Indiana Pacers' Lance Stephenson during a preseason NBA basketball game against the Milwaukee Bucks Wednesday, Oct. 4, 2017, in Milwaukee. (AP Photo/Aaron Gash)

The Indiana Pacers are reportedly declining their team option on Lance Stephenson’s contract, per Shams Charania of Yahoo Sports. The guard would have made $4.36 million in the upcoming season, but he will instead enter free agency.

The 27-year-old averaged 9.2 points and 5.2 rebounds per game this season, both of which were his highest since his first go-round with the team in 2013-14.

ESPN Sources: With Indiana declining team option on Lance Stephenson, Tyreke Evans and Will Barton are expected to be two of its free-agent targets.