Per Wojnarowski, "Frye passed on his player option for $6.8 million for the 2014-15 season, which would've been the final season of a five-year, $30 million deal. The Suns were notified of Frye's decision on Monday."
As CBS Sports' James Herbert notes: "Frye will be a valuable commodity for teams looking for floor spacing, but at 31 years old this might be his last multi-year contract. While opting out means it's possible that he won't make as much salary as he would have next season, he would make it up with a long-term deal."
And by all accounts, he's earned that deal. Frye averaged 11.1 points and 5.1 rebounds last season, which is pretty much on par with the numbers he's posted in each of his four seasons with the Suns.
So who might be willing to offer such a long-term deal? A number of teams have the cap space or may be otherwise able to acquire Frye via a sign-and-trade. The other consideration, of course, is where Frye would be a good fit.
Here's a look at his most ideal options.