Paul Coro of the Arizona Republic reports:

Amar'e Stoudemire does not plan to exercise player option

Phoenix Suns All-Star Amar’e Stoudemire said today that there is “no chance” he will play for his $17.7 million contract option with Phoenix next season but remains hopeful that scheduled upcoming negotiations will result in a contract extension to remain with the Phoenix Suns.

Stoudemire, speaking at his youth basketball camp in Gilbert, said he does not want to leave the Suns.

Asked if there was a chance of picking up his option on the last year of his current contract, Stoudemire said, “There’s no chance of that at all.”