CLEVELAND (AP) – Two people familiar with the decision say LeBron James has told the Cleveland Cavaliers he is declining his $35.6 million contract option for next season and is a free agent.
James’ representatives told the Cavs on Friday, said the people who spoke to the Associated Press on condition of anonymity because the team is not publicly commenting on moves ahead of free agency opening Sunday.
The move was expected by the three-time champion, who played in his eighth straight NBA Finals this past season.
The NBA’s most impactful player had until 11:59pm Friday to decide what to do with a $35.6 million contract option for next season with the Cleveland Cavaliers.
With the decline of the option, James will become an unrestricted free agent and another Summer of LeBron will heat up instantly with the Los Angeles Lakers becoming a possible destination.
Cleveland, too, would still be in the mix as James could sign a short-term deal with the Cavs. He has done that each season since returning in 2014.
James, 33, who has kept a low profile on social media for months, has been on vacation with his wife and three children, giving him a chance to recover from perhaps the most exhausting season of his career and plot the next chapter.
The 33-year-old has long been linked to the Lakers, partly because he has two homes in the Los Angeles area along with a film production company. There’s also the fact that the Lakers have enough salary-cap space to sign James and another maximum-contract player like Kawhi Leonard or Paul George and form a “Super Team” capable of competing with the reigning champion Golden State Warriors.
The first major free-agent domino fell Thursday as George decided not to exercise his $20.7 million option for next season with Oklahoma City, a person with knowledge of the situation told The Associated Press on condition of anonymity. ESPN first reported George’s decision.
For now, George is set to hit the market when free agency officially begins at 12:01 a.m. Sunday, but he may not go anywhere. The Thunder can offer him more money and George could get a five-year, $176 million and stay in Oklahoma.
It’s unclear what affect, if any, George’s decision has had on James and his plans. The two are good friends and there’s little doubt they would relish the opportunity to play together after competing against each other for years.
As for Leonard, there’s little clarity on his troubled relationship with San Antonio. It remains unclear if the Spurs are willing to trade him and if they are willing to part ways with him, where he would land.
For James, the dilemma is whether to leave his home again. Upon his return to Cleveland four years ago from Miami, James said it took time away to realize what he was missing.
“My relationship with Northeast Ohio is bigger than basketball,” he said. “I didn’t realize that four years ago. I do now.”
James also said he always felt like he would come back to Cleveland to finish his career where it began.
But that was before the Akron native led the Cavs to four straight Finals and won Cleveland’s first professional sports title since 1964. If Decision 3.0 is to go, James feels content.
“I came back because I felt like I had some unfinished business,” he said following Game 4 of the NBA Finals. “To be able to be a part of a championship team two years ago with the team that we had and in the fashion that we had is something I will always remember. … It ended a drought for Cleveland of 50-plus years, so I think we’ll all remember that in sports history.”