Victor Oladipo turned down a two-year, $45.2 million contract extension from the Houston Rockets, sources told Adrian Wojnarowski of ESPN.
The amount was the most that the Rockets could currently offer Oladipo. The 28-year-old is currently in the final year of his four-year deal.
Oladipo is reportedly looking for a long-term deal, which the Rockets cannot offer until this offseason.
The Heat and the Knicks are among teams who have shown an interest in Oladipo in the past.
Wojnarowski adds that the Rockets have yet to engage in trade talks involving Oladipo.