);
Cleveland Cavaliers

LeBron James opts out of contract with Cavaliers to become free agent, report says

LeBron James
LeBron James Andy Lyons/Getty Images

The "Summer of LeBron" has begun.

According to Cleveland.com, LeBron James will opt out of the final year of his contract with the Cavaliers and hit the free agent market, which officially opens July 1.

James, 33, is set to enter his 16th season in the NBA. He's played for the Cavaliers 11 of those seasons, with a four-year break where he went to the Heat from 2010-14. He has said his next destination will largely depend on input from his family.

MORE: What are LeBron's best options in free agency?

The Lakers have been linked to James in recent weeks as he reportedly has had conversation with other marquee players, including Kawhi Leonard, about playing together in Los Angeles. Other teams expected to make a run at James include the Rockets, Celtics and 76ers, among others.

However, James can ultimately re-up with the hometown Cavaliers on another one-and-one deal similar to the one he just left.

Now we wait for James to potentially make a league-altering decision … again.

More from NBA.com

LeBron James, Kobe Bryant
Kobe, others congratulate LeBron
NBA.com Staff
raptors-spurs-012520-ftr-getty.jpg
Raptors look to keep streak alive vs. DeRozan, Spurs
Scott Rafferty
#LeBronSimmons
Simmons shines on LeBron's historic night
Kane Pitman
#LeBron
LeBron passes Kobe on all-time scoring list
Gilbert McGregor
george-kawhi-lebron-davis
Tracking the Clippers and Lakers Grammy Trips
Gilbert McGregor
Who is the better scorer?
LeBron vs. Kobe: Who is the better scorer?
NBA.com Staff
More News