Khris Middleton declines $40M player option with Milwaukee Bucks

Khris Middleton #22 of the Milwaukee Bucks (Photo by Dustin Bradford/Getty Images)

Milwaukee Bucks general manager Jon Horst confirmed that Khris Middleton declined his player option for the upcoming season but added that the team hopes to keep the three-time All-Star forward.

ESPN first reported that Middleton had opted against exercising the $40.4 million option.

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"Khris is core to who we are and really all the success we’ve had," Horst said late Thursday night at a post-draft news conference. "Our goal is always to sustain our success and continue to compete and (have) a chance to win and be in position to win year in and year out. We hope to have him back."

Middleton, who turns 32 on Aug. 12, averaged 15.1 points, 4.9 assists and 4.2 rebounds in 33 games last season. He missed the first 20 games of the season while recovering from wrist surgery and sat out 18 straight games later in the season due to a sore right knee.