LeBron James has opted out of his contract, paving the way for him to sign a new deal with the Lakers in free agency.
James, an unrestricted free agent, is able to a sign a three-year deal with the Lakers for approximately $162 million. He could elect to sign a shorter deal or even a less-expensive one.
James has long been expected to re-sign with the Lakers, which was only strengthened after they drafted his son Bronny with the 55th pick in the second round of the NBA draft on Thursday.