Sources: Kawhi Leonard will become a free agent

Toronto Raptors star Kawhi Leonard will decline his 2019-20 player option worth $21.3 million to become an unrestricted free agent, league sources told Yahoo Sports. 

The 6-foot-7 All-Star will be one of the marquee free agents on the open market.

The Raptors are the only team that can offer Leonard a max contract for five years and $190 million.

Leonard, 27, is believed to be seriously considering re-signing with the Raptors, sources said.

But there are a handful of teams who could secure a meeting with the 2019 NBA Finals MVP, sources said.

The appeal of returning home to Southern California is enticing to the two-time NBA Defensive Player of the Year, but with the trust the Raptors built while Leonard led the franchise to its first NBA title by upsetting the Golden State Warriors, rival executives view his current team as the favorite to land him when the free-agent negotiating period begins June 30, sources said.

Leonard had career highs in points (26.6) and rebounds (7.3) in his lone season with the Raptors.

Leonard was drafted in 2011 and was the 2014 NBA Finals MVP with the San Antonio Spurs. After a tumultuous season with the Spurs, he was traded to Toronto last summer along with Danny Green for DeMar DeRozan, Jakob Poeltl and a first-round draft pick.

In eight seasons, the three-time All-Star has averaged 17.7 points, 6.3 rebounds and 1.8 steals.

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Toronto Raptors 2019 championship parade
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Toronto Raptors 2019 championship parade
TORONTO, ON - JUNE 17: NBA Finals MVP Kawhi Leonard raises the trophy on top of the bus during the Toronto Raptors Championship parade on June 13, 2019 in Toronto, ON, Canada. (Photo by Julian Avram/Icon Sportswire via Getty Images)
TORONTO, ON- JUNE 17 - Toronto Raptors guard Kyle Lowry (7) as the Toronto Raptors hold their victory parade after beating the Golden State Warriors in the NBA Finals in Toronto. June 17, 2019. (Steve Russell/Toronto Star via Getty Images)
TORONTO, ON - JUNE 17: Fans cheer as they wait for the Toronto Raptors Championship parade on June 17, 2019 in Toronto, ON, Canada. (Photo by Julian Avram/Icon Sportswire via Getty Images)
TORONTO, ON- JUNE 17 - Toronto Raptors guard Kyle Lowry (7) as the Toronto Raptors hold their victory parade after beating the Golden State Warriors in the NBA Finals in Toronto. June 17, 2019. (Steve Russell/Toronto Star via Getty Images)
TORONTO, ON - JUNE 17: Toronto Raptors player Pascal Siakam rides on the bus during the Toronto Raptors Championship parade on June 13, 2019 in Toronto, ON, Canada. (Photo by Julian Avram/Icon Sportswire via Getty Images)
Toronto Raptors forward Kawhi Leonard takes a selfie holding his playoffs MVP trophy during the NBA basketball championship team's victory parade in Toronto, Monday, June 17, 2019. (Frank Gunn/The Canadian Press via AP)
Toronto Raptors guard Kyle Lowry holds the Larry O'Brien Championship Trophy up for the fans during the NBA basketball championship team's victory parade in Toronto, Monday, June 17, 2019. (Frank Gunn/The Canadian Press via AP)
Toronto Raptors guard Kyle Lowry, left, holds the Larry O'Brien Championship Trophy as forward Kawhi Leonard holds his playoffs MVP trophy during the NBA basketball championship team's victory parade in Toronto, Monday, June 17, 2019. (Frank Gunn/The Canadian Press via AP)
Toronto Raptors fans celebrate during the NBA basketball championship team's victory parade in Toronto, Monday, June 17, 2019. (Frank Gunn/The Canadian Press via AP)
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