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According to ESPN, he could still fetch as much as US$207 million over five years from Cleveland, while other teams can offer a maximum US$152 million over four years.

LeBron James has informed the Cleveland Cavaliers of his decision to opt out of the final year of his contact, making him an unrestricted free agent starting July 1. He knows what he wants and he's very familiar with the Cavaliers after leading them to four straight NBA Finals since returning as a free agent in 2014 following four seasons in Miami.

If James decides to stay with the Cavs, no one on the roster would be untouchable from a trade perspective, according to Vardon.

Declining the US$5 million option - the second year of a two-year, US$10 million deal Nowitzki inked last summer - will give the Mavericks more financial flexibility in the free-agent negotiating period.

It was a striking change in Gilbert, who had written his letter in comic sans font and had called James the "so-called King". Agent Rich Paul is expected to contact several teams with the Lakers and Cavs atop his list.

Shortly after the 12:01 EDTam start to free agency, Cavs general manager Koby Altman spoke on the phone to both James and Paul, the person said.

Lakers president Magic Johnson said earlier this week that if he can't deliver superstars via trades or the free agent market within two years, he will step down. At this time, it's unclear if James actually has his decision made and he's just taking meetings to appease certain teams or if he's legitimately undecided and still weight options.

Always one to pride himself on efficiency, James shot 54.2 percent from the field and 36.7 percent from three-point range.

National Basketball Association star Lebron James has decided not to pick up the player option on the a year ago of his deal with the Cleveland Cavaliers and will become a free agent, according to ESPN.

And all those clubs - Golden State, Oklahoma City, Houston, the Lakers, even Denver by locking up Nikola Jokic for $150 million and Will Barton for $54 million - could definitively say they were thrilled. Hoops Hype described some of the issues Los Angeles needs to address if James signs with the team.

Keep in mind this is simply just an opinion on Bonsignore's end, but it is a valid point since James being in Los Angeles at the moment is quite the coincidence.

Embiid sounds like someone who's either a little sore his team isn't going to get picked, or perhaps he's playing some brain games with James. Before he joined the Heat, James had meetings with the Chicago Bulls, New York Knicks, Brooklyn Nets and Los Angeles Clippers, where team representatives pitched the All-Star with personalized presentations and marketing plans. James's new best-case scenario likely involves teaming with Leonard and DeMarcus Cousins in LA.