Stoudemire opts out of contract

Amar'e Stoudemire(notes) has opted out of the $17.6 million final year of his contract to become an unrestricted free agent, his agent Happy Walters told Yahoo! Sports on Wednesday.

Stoudemire and the Suns were still discussing a possible contract extension late Tuesday night, but Walters said: "The offer isn't where it needs to be yet, but we've had a good open, cordial dialogue with the Suns. Like Dirk Nowitzki(notes) and Paul Pierce(notes), we're exercising the opt out and we'll see what presents itself for Amar'e on the market."