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.
LeBron James' agent informed the Cavs he will not exercise his $35.6 million option and thus will become an unrestricted free agent, sources told @clevelanddotcom ... Story coming- Joe Vardon (@joevardon) June 29, 2018
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.