Iguodala plans to opt out from his contract with Nuggets

Denver Nuggets forward Andre Iguodala has decided to opt out of the final year of his contract and enter free agency, Yahoo! Sports has learned.

guodala, 29, promises to be one of the most desired players on the summer market. His agent, Rob Pelinka, informed Denver CEO Josh Kroenke of the plan in a meeting on Thursday in Los Angeles.

"We are fully aware of Andre's intentions and he's well aware of how much we want him back," Kroenke told Yahoo! Sports Friday afternoon. "Andre us a huge priority for our organization."

Iguodala will bypass the $15.9 million owed him next season and will be eligible to sign a new four-year deal elsewhere or sign an extension up to five years with the Nuggets.

Iguodala has until June 25 to exercise the early termination clause on his contract, and virtually all players wait until the deadline to file the necessary paperwork. Without triggering the opt-out cause, Iguodala could only sign a three-year extension with Denver.

After superstars Dwight Howard and Chris Paul, Iguodala will be a target for several teams, including the Atlanta Hawks, Cleveland Cavaliers, Dallas Mavericks, Houston Rockets, Detroit Pistons and New Orleans Hornets, league sources said.