Finals MVP LeBron James will not exercise his player option with the Cleveland Cavaliers for the 2016-17 season, according to his agent, Rich Paul.
James, who had to inform the Cavs of his decision by Wednesday at midnight, will become a free agent July 1 for the third straight summer. He was slated to earn $24 million next season. Though he has opted out, James can re-sign with the Cavaliers and said last week he has no intentions of leaving Cleveland again.
Source: Chris Broussard of ESPN
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