Instant Analysis: Phoenix Suns' Amar'e Stoudemire Opts Out of Contract

Matt WagnerCorrespondent IIJune 30, 2010

PHOENIX - MAY 29:  Amar'e Stoudemire #1 of the Phoenix Suns in action during Game Six of the Western Conference finals of the 2010 NBA Playoffs against the Los Angeles Lakers at US Airways Center on May 29, 2010 in Phoenix, Arizona. The Lakers defeated the Suns 111-103.  NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Christian Petersen/Getty Images)
Christian Petersen/Getty Images

Phoenix Suns' forward Amar'e Stoudemire has opted out of the final year of his contract to become an unrestricted free agent. Stoudemire will forgo $17 million dollars as a result of his decision.

This move adds even more options to the 2010 free agent frenzy.

Everybody knows about LeBron James, Dwayne Wade and Chris Bosh, but people seem to forget about the other decent players in this year's free agent class.

For example, Stoudemire and New York Knicks forward David Lee are two big men who can make a profound impact with many teams in the NBA.

Lee has been an unappreciated player for most of his career, but he had breakout season last year when he averaged 20.2 PPG and 11.7 RPG.

One good fit for Lee would be the New Jersey Nets. New Jersey traded the underachieving Yi Jianlian in exchange for Quinton Ross yesterday, so their depth at power forward is lacking. He will probably not get a maximum deal, but look for Lee to get $20-30 million dollar offers come July 1st.

There are many questions surrounding Amar'e Stoudemire, ranging from his character to his ability to play at a high level in the NBA. He has fallen off in the past two years, so much so that his starting position was up for grabs most of the year as a result of his inability to rebound from injuries.

I have a feeling that it will take longer than expected for Amar'e to sign on the dotted line, but a deal will get done eventually.   

One team that should be in the hunt for Stoudemire is the Miami Heat. He can be their Plan B if they are not able to sign Chris Bosh. Many signs are pointing to Bosh signing with the Heat, but if any surprises come along, Stoudemire would be a good consolation prize. 

Stoudemire's decision to opt out brings even more possibilities to what could happen when July 1, 2010 comes along.