LeBron opts out of contract with Heat

Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Share
Updated: 6/24 1:47 pm

Miami, FL (SportsNetwork.com) - Get ready for a sequel to The Decision.

The Miami Heat were informed Tuesday that LeBron James will exercise his early termination option and explore the free-agent market.

Heat president Pat Riley wasn't surprised by the news.

"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," Riley said in a statement.

He added that the team looks "forward to sitting down with LeBron and his representatives and talking about our future together."

James, a four-time NBA MVP, had a June 30 deadline to decide whether to opt out of the final two years of his deal with the Heat. He was scheduled to earn $20 million next season.

The 29-year-old James signed with the Heat in 2010 after spending his first seven years in Cleveland, announcing the news on a television special that drew plenty of criticism.

Miami reached the NBA Finals in each of James' four years with the club, winning back-to-back titles in 2012 and 2013. The Heat were denied a three- peat by the San Antonio Spurs earlier this month.

James averaged 27.1 points, 6.9 rebounds and 6.4 assists in 77 games last season.

Share
Inergize Digital This site is hosted and managed by Inergize Digital.
Mobile advertising for this site is available on Local Ad Buy.