The opt-out decision, first reported by ESPN’s Chris Broussard, has been long expected, as is the notion that he’ll sign a one-year deal with the Cavs for about somewhere between $27.5 million and $30 million that will allow him to take full advantage of an expected salary cap jump in 2017-18.
LeBron James will not exercise his player option with the Cavs for next season, according to agent Rich Paul. Deadline was Wed @ midnight
James turns 32 in December, but is coming off a dominant NBA Finals that erased any doubts of his status in the NBA’s hierarchy.
His former teammate in Miami, Dwyane Wade, is also a free agent and is reportedly listening to offers from teams other than the Heat. Oklahoma City Thunder superstar Kevin Durant is also a free agent, and will be listening to pitches from at least half a dozen teams.