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Lebron James becomes a free agent

(Miami) - LeBron James' agent, Rich Paul, has informed the Miami Heat his client has decided to opt out of the final two years of his contract with the Heat and become a free agent on July 1. ESPN and USA Today are reporting this.

Opting out does not mean James has decided to leave the Heat, said a person who spoke to the Associated Press on condition of anonymity because neither the four-time NBA MVP nor the team had made any public announcement.

James had two years and about $42.7 million remaining on his deal with the Heat. In his four seasons in Miami, the Heat have gone to the NBA Finals four times, winning two championships.

(Photo from Getty Images)

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(Copyright 2014 Clear Channel and The Associated Press, all rights reserved.) 

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