LeBron James opted out of a one-year contract extension with the Cavs that would have paid him $35.6 million this season, according to the Associated Press. He is now an unrestricted free agent, which means the best basketball player on the planet could sign a longer-term deal with the Cavs – or with another team.
LeBron James has informed the Cavs he won’t opt into his contract. This decision is favorable to the Lakers chances, hurts the Rockets chances and the Cavs remain firmly in mix.
This is the third time James has hit the free agent market. In 2010 he left the Cavs for the Miami Heat. (Let us never speak of it again.) In 2015 he left Miami and returned to Cleveland and signed a three-year deal. James typically chooses to sign short-term deals, which ultimately net him more money.