Royal Ivey has declined his player option for the upcoming season, he will become an unrestricted free agent on July 1st.
Well, I never really considered Ivey a huge part of the team, but now that he leaves they're even more thin at the guard position. Currently, Lou Williams and Willie Green are the only guards on the roster. Of course, I consider Iguodala a shooting guard, but Eddie Jordan apparently does not.
I suppose Ivey either thinks he'll get more than the minimum elsewhere (doubtful) or he doesn't like is prospects in Philly and he's looking for greener pastures.