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As expected, Bobby Portis opts out of contract, expected to re-sign with Bucks

Boston Celtics v Milwaukee Bucks - Game Four

MILWAUKEE, WISCONSIN - MAY 09: Bobby Portis #9 of the Milwaukee Bucks takes the court prior to Game 4 of the Eastern Conference Semifinals against the Boston Celtics at Fiserv Forum on May 09, 2022 in Milwaukee, Wisconsin. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Stacy Revere/Getty Images)

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The Milwaukee Bucks are not letting Bobby Portis go.

As was widely expected, Portis opted out of his $4.6 million player option for next season, as first reported by Adrian Wojnarowski of ESPN.

This was simply about the money.

Portis — a fan favorite who averaged 14.6 points and 9.1 rebounds a game last season — is a key part of the Bucks rotation and was underpaid (although it was the most the Bucks could offer at the time). Now the Bucks can offer a deal of at least two years starting at about $11 million, and if it is a two-year deal (or there are player options after the two years), Portis can re-enter free agency at age 29.

Expect the sides to announce a new contract for Portis shortly after free agency opens on June 30.