LeBron opts out of contract with Heat

Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Share
Updated: 6/24 1:47 pm

Miami, FL (SportsNetwork.com) - Get ready for a sequel to The Decision.

The Miami Heat were informed Tuesday that LeBron James will exercise his early termination option and explore the free-agent market.

Heat president Pat Riley wasn't surprised by the news.

"I was informed this morning of his intentions. We fully expected LeBron to opt-out and exercise his free agent rights, so this does not come as a surprise," Riley said in a statement.

He added that the team looks "forward to sitting down with LeBron and his representatives and talking about our future together."

James, a four-time NBA MVP, had a June 30 deadline to decide whether to opt out of the final two years of his deal with the Heat. He was scheduled to earn $20 million next season.

The 29-year-old James signed with the Heat in 2010 after spending his first seven years in Cleveland, announcing the news on a television special that drew plenty of criticism.

Miami reached the NBA Finals in each of James' four years with the club, winning back-to-back titles in 2012 and 2013. The Heat were denied a three- peat by the San Antonio Spurs earlier this month.

James averaged 27.1 points, 6.9 rebounds and 6.4 assists in 77 games last season.

Share
Featured Partners
www.eastridgeretirementcenter.com
The newly modeled East Ridge Residence is a must see with its spacious comfortable apartments. Plus, 3 delicious meals daily, geriatric physician, home healthcare services and fun festive activities. Schedule your visit today!
www.ameripriseadvisors.com/james.m.scotchie
Together we can make a confident retirement possible. Simply click to get started with your private wealth advisor. Talk to Jimmy Scotchie, Certified Financial Planner.
www.comcast.com/cable-internet-packages.html
Get started at $79.99 a month for 12 months. Plus, get a $75 VISA® Prepaid card.
 
Supermarket Guru
From The Archives
Scenic City Roots
Through Irish Eyes
Brand News
Prime Mashup
What's Trending
Megan Wise Goes Outside
Stay Connected with WDEF News 12
 
Inergize Digital This site is hosted and managed by Inergize Digital.