Wilkins' agent, Mark Bartelstein, said in an e-mail Tuesday that the guard would not terminate the player option on his contract.
Wilkins averaged a career-low 5.3 points last season as he fell out of the rotation and played in only half of Oklahoma City's 82 games. Before then, he had been a regular in the lineup during the franchise's days in Seattle. He played in every game for the SuperSonics over a two-year span and averaged 9.2 points in 76 games in the team's final season in Seattle.
Wilkins indicated after the season that he planned to return.