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LeBron James to become free agent after letting Cavaliers know he will not exercise option on contract

LeBron James’ agent, Rich Paul, has informed the Cavaliers that James will not exercise his $35.6-million option for next season. As a result, James will become an unrestricted free agent at 9:01 p.m. Pacific time Saturday.

The Lakers will pursue James in free agency as they hope to reshape their roster and return to being a championship contender. Still, James could remain with the Cavaliers by signing a new contract with them.

The Lakers’ front office began in spring 2017 to prepare for this summer, working to free the team of damaging contracts signed by the previous regime.