There are still two years left. Yet LeBron James is backing out of his contract with Miami Heat. He will become a free agent on July 1st.
He has finally made a choice and he isn’t backing out of the alternative he has decided upon. LeBron James is going to be a free agent next month.
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Watch LeBron James in action in Photo Gallery below.
The NBA champ is leaving two years before his contract expires. And he has chosen July 1st as the date for his forfeiture of the pact. Heat president Pat Riley released a statement yesterday on LeBron James' decision to become a free agent.
The statement read: “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.
As I said at the press conference last week, players have a right to free agency and when they have these opportunities, the right to explore their options. The last four seasons have been historic and LeBron James, Dwyane Wade, Chris Bosh and Erik Spoelstra have led the Miami HEAT to one of the most unprecedented runs in the history of the NBA.
We look forward to sitting down with LeBron and his representatives and talking about our future together. At the moment, we are preparing for the opportunities in the Draft and Free Agency as we continue with our goal of winning NBA Championships.”
While this does not means he is leaving his Miami Heat team mates for good, neither does it mean he will be a part of the team when the next season rolls in.
Currently, LeBron’s fate remains hung in a state of limbo. He is in a sort of player’s purgatory. LeBron took his team of players to two victories and has played four times with them by his side.
With this latest series of actions taken by James, his team is being given some slack and he too is being individualistic. LeBron may have his pay cut for the sake of freedom.
"It could even result in him taking a pay cut, depending on if Heat president Pat Riley can convince other free agents to come to South Beach," CBSSports.com's James Herbert writes. "If James wants to, he can sign a new deal for the exact same salary he would've made had he opted in. He has all the leverage in the world, and it's only logical to use it."
Whatever the case might be, LeBron has all the advantages on his side since he is a very skilled and physically talented player. He can call the shots if he wants to and no one can stop him at his game.
In fact, he may if he wants to join any other team at his discretion and command the selfsame salary. So he is on cloud nine. The stars are in his favor.
As a free agent he obviously has free agency to do as he pleases. And the freedom sure feels good. His team mates Dwayne Wade and Chris Bosh are in discussions with him regarding his decision.
As an MVP, LeBron has forfeited $42.7 million which was a part of his remaining two year’s contract money. The NBA sponsorships and matches on the court are platforms where lots of cash is at stake based on the players’ performances.
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The faceoff between equally matched sides often leads to neck-to-neck competition. And it was here that LeBron was a crucial factor in the team he is about to leave behind him.