According to The Vertical’s Shams Charania, the Pacers plan to waive guard Rodney Stuckey which will also void the player option on Stuckey’s contract for next season.
The Pacers are waiving guard Rodney Stuckey, league sources tell @TheVertical. Indiana had April 10 date to release before Stuckey's option.— Shams Charania (@ShamsCharania) March 29, 2017
Prior to the game on Monday, the Pacers announced that Stuckey would be out 4-6 weeks with a patellar tendon strain in his left knee. The injury created a scenario for the Pacers to release Stuckey prior to the end of the regular season which invokes a rare provision in Stuck’s contract which Zach Lowe mention in this podcast (47 minute mark).
Stuckey was paid $7 million this season and had a $7 million player option for next season. Considering the disappointing season with so many missed games due to injury, it was likely Stuckey would exercise that option without a better option on the open market. But the contract allowed the Pacers to void the option if they released Stuckey early and it appears that is happening now.
Lowe also reported on his pod, that C.J. Miles and Monta Ellis also have contracts with these clauses which are not true player options considering the player can be released before the end of the season to wipe the option off the books.
Miles has an option for $4.8 million and will surely decline that to make more money on the open market this summer. The option for Monta is for the 2018-19 season so the scenario is not in play at this time.