Report: Heat forward LeBron James to opt out of deal, become free agent
Miami Heat forward LeBron James will exercise the early termination option in his contract and become an unrestricted free agent, according to ESPN.com’s Chris Broussard.
The four-time NBA Most Valuable Player had until next Monday to opt out of his deal and was set to make $20.6 million for the 2014-15 season.
In 2010, James left Cleveland, where he spent his first seven seasons, to sign a six-year, $109.8 million contract with the Heat, joining forces with Dwyane Wade and Chris Bosh. In their four seasons together, the Big Three made the NBA Finals every year and won two championships. Wade and Bosh also have until Monday to decide if they want become free agents.
James, 29, averaged 27.1 points, 6.9 rebounds and 6.4 assists in 2013-14, earning first-team All-NBA honors for the seventh straight season.
James said after the Heat’s five-game loss to the Spurs in the Finals that he would take his time deciding where to play next season.