DeMar DeRozan will reportedly be an unrestricted free agent after opting out of the final year of his contract Monday night, according to Cleveland.com's Chris Haynes. 

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DeRozan, who has been on the Toronto Raptors for all seven of his NBA seasons, had a player option for 2016-17 for $9.5 million, but will likely make more money on the open market after leading the Raptors to the Eastern Conference Final this past season. 

The 26-year-old shooting guard averaged 23.5 points, 4.5 rebounds and four assists over 78 games with the Raps. He shot career highs from three-point range (.338) and the free-throw line (.850). In 20 postseason games, DeRozan put up 20.9 points, 4.2 rebounds and 2.7 assists.   

General manager Masai Ujiri says getting DeRozan back in Raptors colours next year and beyond is No. 1 on his priority list this summer.

"Our number one goal is to bring DeMar back here," said Ujiri at the year-end news conference after the Raptors were eliminated by the Cleveland Cavaliers. "We feel great that he wants to come back to our organization."

DeRozan was selected by Toronto ninth overall in the 2009 NBA Draft out of USC. Rumours swirled late in the season that DeRozan might want to go back home next year to play with the Los Angeles Lakers.