NBA Finals MVP will decline his player option for the 2018-19 season and enter the free agency market, turning down a salary of $26.2 million.
Durant told The Athletic last month that, "it made sense to do the one-year deal".
"I'm sure here soon I'll want to sign a long-term deal just to feel stable".
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Alternatively, the 2014 MVP could pen a three-year deal which allows him to opt out after the second season. "It has yet to be decided what contractual route Durant will take, sources say, but there are no real incentives - for himself or for the team - to take such a drastic reduction in pay this time around".
Durant is earning much less than what a player of his caliber should be getting.
The nine-time All-Star finished this season with an average of 26.4 points, 6.8 rebounds and 5.4 assists.
Kevin Durant signed a discounted two-year, $51 million deal with the Warriors last offseason that included an opt-out clause.
ESPN's Bobby Marks laid out options for Durant, including on where he signs a four-year max contract valued at around $158 million, with the annual pay (in each season) of $35.3 million, $38.2 million, $41 million and $43.8 million.