LeBron James reportedly opts out of Cavaliers contract, becomes free agent

LeBron James.
(Image credit: Jason Miller/Getty Images)

Cleveland's golden child is on the market.

Cleveland Cavaliers star LeBron James is reportedly declining his $35.6 million option with the team to become an unrestricted free agent, sources told Cleveland.com. James' agent apparently informed the Cavaliers of his decision Friday morning, meaning James can start discussing new contracts Sunday.

Several sources say the Los Angeles Lakers' historic legacy has piqued his interest, though it's not guaranteed James will leave the Cavaliers. He's opted to become a free agent three times in the past four years and still stayed on the team, Cleveland.com notes. The Cavs can now offer James a five-year contract of $207.4 million, while other teams can only give him up to $152.3 million for a four-year contact.

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One unsolicited piece of advice for James: There's no place like home.

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