The Philadelphia 76ers will not pick up the fourth-year option on Jahlil Okafor.

Okafor was the third overall pick in the 2015 draft but the 76ers are maintaining cap flexibility for the 2018 offseason.

The 76ers have been attempting to trade Okafor but no deal is imminent.

According to Marc Stein of the New York Times, Okafor could pursue a buyout with the 76ers for the final season of his contract.