King James has opted out of his contract and will become an unrestricted free agent on July 1!
Four-time NBA MVP, LeBron James, has decided to opt out of his 2-year contract with the Miami Heat and exercise his rights as a free agent, but the Heat says that they’re not at all surprised! Keep reading to get the scoop on why LeBron wanted out.
LeBron James Opts Out Of Miami Heat Contract
LeBron’s agent, Rich Paul, informed the Miami Heat that their leading scorer would exercise his right to early termination and become a free agent on July 1. King James had until June 30 to decide if he wanted to opt of his contract which was scheduled to make him about $20 million next year.
Though many fans are shocked, LeBron’s decision was expected by Heat president, Pat Riley.
“I was informed this morning of his intentions. We fully expected LeBron to opt out and exercise his free agent rights, so this does not come as a surprise,” he said in a statement.
Players at LeBron’s level often become free agents to review their contracts and take control over their careers.
Lebron James To Become Free Agent On July 1
The last four seasons have been historic for the heat, as Lebron, Chris Bosh, Dwayne Wade and Erik Spoelstra have led the team to consecutive NBA finals. After losing to the Antonio Spurs in game five of the 2014 NBA finals, LeBron says that he will take a vacation with his family!
“Being able to have flexibility as a professional, anyone, that’s what we all would like,” LeBron said last week.
“That’s in any sport, for a football player, a baseball player, a basketball player, to have flexibility and be able to control your future or your present. I have a position to be able to do that. There’s a lot of times that you’re not in control of your future as a professional.”
Though LeBron isn’t under contract, he is still expected to return to the Heat next season. Pat Riley says he looks “forward to sitting down with LeBron and his representatives and talking about [their] future together.” So if he isn’t worried, we shouldn’t be either!
Chris Bosh and Dwayne Wade are also expected to take advantage of free agency to review their contracts as well, though no final decision has yet been made. Before making any major decisions, the Heat stars have agreed to consult each other.
“There’s a conversation that will be had between the three of us,” James said last week. “I think it’s only right. I think we’ve earned that for each other, to have a conversation and see what could possibly happen.”