Jameer Nelson will have until June 29 to decide whether to opt out of the final year of his contract with the Magic.

Nelson would like to sign a multi-year contract that would guarantee him several more years of security.

"Who doesn't want a long-term deal?" Nelson says. "Everybody wants that security. … I love the Magic organization … but at the end of the day, I have to do what's best for me and my family."

Nelson is owed $7.8 million next season.