12:29pm: Maddon’s agent, Alan Nero, tells Topkin (Twitter link) that he expects Maddon will manage a team in 2015. Friedman tells Dylan Hernandez of the Los Angeles Times (via Twitter) that his new team, the Dodgers, will not be among the suitors regardless of Maddon’s newfound availability.

On Tampa’s end, team president Matt Silverman says that the team will pursue a full search for a replacement, considering internal and external candidates, per Topkin (via Twitter).

11:27am: Rays manager Joe Maddon has opted out of his contract with the Rays and will be leaving the team, Buster Olney of ESPN.com reports on Twitter. The move comes as a major surprise, as Maddon had said recently that he expected to remain in Tampa.

Maddon represents the second key departure to hit the Rays in recent weeks, as the team lost long-time GM Andrew Friedman to the Dodgers. Indeed, the opt-out clause vested with Friedman’s departure, Jon Heyman of CBSSports.com tweets.

Speculation immediately began that Maddon could follow Friedman to Los Angeles, though all involved shot that down quickly. Indeed, the Dodgers have stated publicly that they intend to keep skipper Don Mattingly in place heading into 2015. The only open managerial seat at present is the Twins’, though Minnesota appears to be well down the line in its search.

In a statement confirming the news, Rays owner Stuart Sternberg says that the club “tried diligently and aggressively to sign [Maddon] to a third contract extension prior to his decision.” Sternberg added that Maddon, whose deal ran through 2015, has “enabled himself to explore opportunities throughout Major League Baseball.”

Maddon had been at the helm of the Rays for nine seasons, during which he established a reputation as one of the game’s most innovative and forward-thinking skippers. After two years in the basement, Maddon helped to oversee a stunning rise to prominence in Tampa. He ran the dugout for two AL East crowns and four total postseason appearances.

Despite that run of success, Maddon tells Marc Topkin of the Tampa Bay Times (links to Twitter) that a combination of financial disagreement and his own curiosity to seek out a new opportunity led to the move. Though a new deal was discussed, Maddon says that the sides “were still too far apart.” Maddon says he hopes to manage next year but has nothing set up at this point.