POSTED: Jun 29, 2014 5:32 PM ET
MIAMI, Florida -- The following statement was released Sunday by the Miami Heat president Pat Riley:
"Today we were notified of Chris' intentions to opt-out of his contract. Chris is one of the most versatile and dynamic big men in this league, and he has been an instrumental key to our championship success over the last four seasons. We look forward to meeting with Chris and his agent in the coming days to discuss keeping him in Miami for many years to come."