Sports

LeBron James Is Opting Out of His Miami Heat Contract UPDATED

LeBron is entering free agency, according to numerous reports. He's exercising his player's option to escape the remaining year on his Miami contract. But before you totally freak out and set your number 6 jersey on fire, take a deep breath. It's entirely possible -- though far from certain, of...
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LeBron is entering free agency, according to numerous reports. He’s exercising his player’s option to escape the remaining year on his Miami contract. But before you totally freak out and set your number 6 jersey on fire, take a deep breath.

It’s entirely possible — though far from certain, of course — he’s just opting out so he can renegotiate his contract with the Heat.

See also: Where Each Heat Player’s Future Stands Right Now

Update: Pat Riley has responded.

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https://twitter.com/Chris_Broussard/statuses/481427294645657600
https://twitter.com/JoeGoodmanJr/statuses/481432026621284352

Sure, that means he could fly the coop and take his talents elsewhere. It also means he might be willing to take a pay cut so the team has more money to hire some quality supporting players. Remember those Carmelo Anthony rumors?

James has been quiet all season about his future. He’s noted only that he and his family are comfortable in Miami. They have a Coconut Grove mansion, he has a clothing boutique in Aventura Mall, and his wife owns a juice bar nearby.

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Sure, a juice bar won’t keep him in town, but he has set up a pretty good life here. Considering there’s not exactly another perfect situation sitting around the league, we would be surprised if packed up and began anew after one NBA Finals loss.

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