The Miami Heat have informed Michael Beasley that they would not be picking up their $1.3 million team option on his 2015-16 contract, making him a free agent.
Beasley was brought back for a third tour with the team at midseason, amid a series of injuries to the team's frontcourt.
While he thrived during his initial games with the team, he was shuffled to the back of the roster by season's end.