LeBron James‘ agent Rich Paul has informed the Cavaliers that James won’t exercise his $35.61MM player option for the 2018/19 season, reports Joe Vardon of Cleveland.com. As a result, James will reach the open market as an unrestricted free agent this Sunday.
While the move ensures that James will be free to sign with any team that can afford him next week, his decision isn’t necessarily bad news for the Cavaliers. LeBron’s only realistic path to joining certain over-the-cap teams would have been via an opt-in and trade. Becoming an unrestricted free agent will make it extremely challenging for potential suitors like the Rockets or Heat to find a way to acquire him.
James’ decision looks like good news for teams with cap room, such as the Lakers and Sixers, who will have the opportunity to sign the four-time MVP outright. Los Angeles could have enough cap space for two maximum-salary free agents, while Philadelphia would have to make a roster move or two – likely involving Jerryd Bayless – to create the room necessary to offer LeBron a maximum-salary contract, which is currently projected to start at $35.35MM.
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As for the Cavs, they remain in the mix for James since they hold his Bird rights, which allow them to go over the cap – and into the tax – to re-sign their star forward. Cleveland is the only team eligible to offer LeBron a five-year contract, which would be worth a projected $205MM+. James could sign a four-year contract with another team, though in recent years he has shown a preference for shorter-term deals that allow him to maximize his flexibility.
With James now on track to officially become a free agent on Sunday, the real fun is set to begin. The Lakers and Sixers, LeBron’s top two non-Cleveland suitors, are said to be considering strong pushes to acquire Kawhi Leonard from the Spurs. While San Antonio won’t rush into a deal involving Leonard, L.A. and Philadelphia reportedly believe that trading for Leonard would improve their chances of winning the LeBron sweepstakes, so both teams could be aggressive in the coming days.
For what it’s worth, Jordan Schultz of Yahoo Sports reported on Thursday that Leonard has reached out to James to express interest in playing alongside him. According to Schultz, Kawhi pointed out that his defensive ability would alleviate the pressure on LeBron on that end of the court.
Even if the Lakers don’t land Leonard, the team’s cap flexibility makes L.A. an intriguing landing spot for LeBron, with Vardon reporting that James’ interest in joining the Lakers is “strong.” The Lakers are considered a serious suitor for free agent forward Paul George, and have a strong young core of players if they want to target another veteran star in a trade.
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