LeBron James will Opt Out of His Contract and Become a Free Agent
LeBron James delivered his message loud and clear, without actually saying a word.He’s willing to leave Miami, if that’s what it will take to win more championships. And what happens next will likely be up to not just the Heat, but Dwyane Wade and Chris Bosh as well.
Through his agent, James informed the Heat that he has decided to opt out of the final two years of his contract, a move that means he became a free agent on July 1. He will be able to sign with any team, including Miami, and Heat President Pat Riley said he “fully expected” James to take advantage of his early termination option.
“We look forward to sitting down with LeBron and his representatives and talking about our future together,” Riley said.
The Heat have been preparing for this for some time. James, Wade and Bosh all got six-year contracts when they teamed up in Miami in July 2010, the last time free agency was accompanied by the sort of frenzy that will envelop the league over the next few weeks. But each of those deals came with options to leave either this summer or in 2015, in part to allow both the players and the team to have financial flexibility.