One year after returning to the Cleveland Cavaliers in one of the biggest free-agent signings in recent NBA history, four-time NBA Most Valuable Player LeBron James has elected to decline the $20.6 million player option he holds for the 2015-16 season and re-enter unrestricted free agency this July, according to an ESPN report.
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This was a widely anticipated move, one that many have seen as a simple matter of course ever since James and his representatives negotiated an opt-out clause into the two-year, $42.