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

kyle-korver-072118-ftr
Report: Sixers discuss trading for Korver
NBA.com Staff
jabari-parker-072118-ftr
Fresh start can benefit Bulls' Parker
Matthew Blum
julius-randle-elfrid-payton-071818-ftr
Track Western Conference player movement
NBA.com Staff
jeff-green-071818-ftr
Track Eastern Conference player movement
NBA.com Staff
michael-beasley-072018-ftr-getty.jpg
Report: Beasley reaches agreement with Lakers
NBA.com Staff
derozan-072018-ftr-getty.jpg
Blogtable: Where do the Spurs now rank in the West?
NBA.com Staff
More News