Kevin Durant will decline his 2017-18 player option with the Golden State Warriors.

According to Chris Haynes of ESPN, Durant will decline his player option with Golden State, but is expected to re-sign with the Warriors on a new deal over the summer:

ESPN Sources: Golden State Warriors All-Star Kevin Durant will decline player option to re-sign with champions. https://t.co/dpP101ro6M — Chris Haynes (@ChrisBHaynes) June 19, 2017

Haynes details how Durant's new deal with allow the Warriors to sign Andre Iguodala to a new contract:

"The 2017 NBA Finals MVP will turn down a player-option salary of approximately $28 million to momentarily hit free-agency with the intentions of taking less than the max he's eligible for as a 10-year veteran in order to improve the Warriors' chances of re-signing reserve stud Andre Iguodala, league sources told ESPN. By Durant taking about $4 million less than his max next year and waiting to get his long-term extension for at least another season, the Warriors would be able to use their Bird rights on an Iguodala deal that is far more comparable to what he'd see on the open market. All signs, according to sources, point to Durant signing another one-plus-one pact, which carries a player-option at the end."

Durant's player option would have paid him $27.7 million for the upcoming season. However, the reigning Finals MVP can earn more money and sign a long-term deal with the Warriors in the future instead.

The 28-year-old forward is coming off of a season which saw him lead the Warriors to an NBA title. Durant averaged 28.5 points and 7.9 rebounds per game on 55.6 percent from the field and 44.2 percent from beyond the arc this postseason.