James told the Cavaliers that he is not exercising his $35.6 million contract option for next season and will become an unrestricted free agent, two people familiar with the decision told the Associated Press on Friday.
The decision to decline the option for 2018-19 was expected by James because it gives him more options, which includes him re-signing with the Cavs, who can offer him the most money — a five-year, $209 million contract. James can also sign a short-term deal with Cleveland, something he has done each year since returning in 2014.
James had until 11:59 p.