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Source: LeBron to Opt Out; Intends to Re-Sign
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LeBron James will bypass his $21.6 million player option with the Cleveland Cavaliers and become a free agent on July 1, sources told ESPN.com.
The move, which was expected, marks the third time in the past six years that James will be an unrestricted free agent. This time is expected to have a different outcome, as James intends to re-sign with his current team, sources said.
Source: Brian Windhorst of ESPN