Lebron James Opts out of Contract, Set for Free Agency

Streeter Lecka/Getty Images(NEW YORK) -- Here we go again. Lebron James' agent, Rich Paul, has informed the Miami Heat that James will opt out of his contract and become an unrestricted free agent on July 1.

While NBA fans may be salivating at the idea of landing arguably the best player in the NBA, opting out of his deal does not necessarily mean he will leave the Heat.

James had until June 30 to opt out of the final two years of his deal. He had $42.7 million remaining on his deal.

A four-time NBA MVP, James is one of the most transcendent players in the NBA and all of sports. In 11 NBA seasons, James has averaged 27.5 points, 7.2 rebounds, and 6.9 assists per game.

James spent the first seven seasons of his career with the Cleveland Cavaliers. He infamously chose to play for the Heat during the summer of 2010.

Now 29, James went to four-consecutive Finals with the Heat, and won two titles.


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