On Monday night, Rashard Lewis confirmed that he has no intentions of signing a two-year, $25 million contract extension that the Sonics offered last week.

He stopped short of saying he will opt out of his contract this summer, which would mean forfeiting the final two years and $21 million. Still, Lewis admitted he's giving serious consideration to becoming an unrestricted free agent for the first time.

"It would be a freedom that I've never had before so, yeah, I'm thinking about it," he said. "You don't have many chances in your career to test the market and see what you're worth."

When told only two teams ? Orlando and Charlotte ? are going to be under the salary cap next season, Lewis said: "That's not what my agent is telling me. There might be more teams than that."

"Obviously there was an offer, but it would be not smart to sign a two-year extension when you can wait until the end of the year and get a three-year extension," he said. "Why do it right now? ... It would be better to do a three-year extension than a two-year extension. More security. More years."