The Canadian signed a four-year, $50 million contract with the Heat in 2017.
Kelly Olynyk exercised his $13.6 million player option for the 2020-21 season earlier today, according to Adrian Wojnarowski of ESPN. This upcoming season is the final year of a four-year, $50 million contract Olynyk signed with Miami in the summer of 2017.
Miami’s Kelly Olynyk has exercised his $13.6M player option for the 2020-21 season, source tells ESPN
— Adrian Wojnarowski (@wojespn) November 19, 2020
Olynyk’s time with Miami — and even the Heat’s recent run to the NBA Finals — has had its ups and downs. He shot the 3-point well extremely well in a stretch from the All-Star break to the NBA bubble. And he came up huge in the Finals after Bam Adebayo’s injury, including a 17-point performance in Game 3.
NBA 3-point % leaders since the All-Star Break (min. 30 attempts)
1. Kelly Olynyk – 66.7%
2. Shake Milton – 58.0%
3. Ben McLemore – 57.5%
4. Patrick Beverley – 53.3%
5. Dario Saric – 53.1%
— Christian Hernandez (@ICanBeYourHerro) August 2, 2020
But Olynyk also found himself benched towards the end of Miami’s series against the Boston Celtics in the Eastern Conference Finals, as Erik Spoelstra leaned on playing the defensive-minded backups Andre Iguodala and Solomon Hill.
Of course, the Heat selected Precious Achiuwa, a big, in the NBA Draft last night. Does that signal Miami could trade Olynyk now that he’s opted in to the final year of his contract? Or could the Heat potentially foresee playing Olynyk and Achiuwa together since Olynyk has 3-point shooting range?